SPF calls for investor confidence in Scotland

The Scottish property industry has highlighted the critical need for clarity from the Scottish Government to support investment in Scotland’s built environment.

Edinburgh, Scotland | SPF | BPF | BTR News
Edinburgh, Scotland.

‘The voice’ of the Scottish real estate sector and part of the British Property Federation (BPF) The Scottish Property Federation (SPF) has announced that its members and stakeholders gathered in Glasgow recently for the SPF Annual Conference.

The conference allowed them to discuss key issues for the industry, including boosting housing supply and decarbonising Scotland’s buildings. The recently published Scottish Housing Bill was a key focus for delegates, with concern that the proposals for rent controls could risk over £2.5bn of investment in new homes for rent.

The knock-on impacts of losing jobs and wider economic benefits that modern Build to Rent brings to Scotland’s towns and cities was also highlighted. Industry experts highlighted how the Bill, as currently drafted, provides little clarity on the future rent control system, and has led many institutional investors side-lining Scotland when it comes to new investment in purpose built rental properties.

“Uncertainty around rent control policies has devastated the future supply of Build-to-Rent housing in Scotland. This is not just impacting on the delivery and pipeline of new private sector rented homes but also wider investor and developer confidence in other sectors.”

Maria Francké, Chair, SPF

The SPF also announced at the conference the appointment of Jonathan Guthrie of Robertson Group as the next Vice Chair of the association. Jonathan will become the Chair of the organisation in June 2025, succeeding Stuart Oag of Drum Property Group, who will take over as SPF Chair from Maria Francké in the Summer.

The SPF Conference 2024 was attended by some 250 investors and property experts, from a range of political and industry leaders including Scottish Labour’s Business Spokesperson Daniel Johnson MSP; Scottish Housing Minister Paul McLennan MSP; The Minister for Zero Carbon Buildings, Active Travel and Tenants’ Rights, Patrick Harvie MSP; and Leader of Dundee City Council, Councillor John Alexander. The conference also heard from Scotland Office Minister John Lamont MP.

The event was sponsored and partnered by Robertson Group, Ocean Terminal, Invest Aberdeen, City of Edinburgh Council, Invest Dundee, and Invest Glasgow.