Commercial property sales could help Scotland | 20 May 2011
The Scottish government should utilise commercial property within its economic recovery plans for the country.
That’s according to the director of the Scottish Property Federation, David Melhuish, who spoke of how local authorities throughout Scotland could help small businesses “survive the period of economic difficulty.”
It is his belief that by incentivising more small enterprises to invest in empty commercial properties, they could boost the economy of the entire country and also help the businesses to stay afloat.
Melhuish confirmed this view in UK Business Property, and added: “The Registers of Scotland [figures] on commercial property sales in the first quarter of 2011 this week that showed a 51 per cent decline in the value of sales demonstrate fully the fragility of the economy.”
If the government takes on board his remarks, and more small businesses invest in commercial property, they should also consider investing in property management software – as this would allow them to manage their property portfolio with ease.
Melhuish went on to say that the government also had to demonstrate “more innovation” if it was to restart Scotland’s economy efficiently.
His comments came shortly after Mortgage Introducer advised businesses to consider the pros and cons of investing in commercial property before taking the plunge.
It claimed that whilst investing in this tip of property will “tie up a lot of your capital,” it could also afford businesses “flexibility” and the chance to make a profit when they eventually sell the property on – helping them make more money in the long-run.
Written by Deborah Bates on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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