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Scottish Property Bucks Global Trend

EDINBURGH-The Scottish property market may still offer some shelter from global storms,

By Graham Parker | Updated on May 08, 2001

EDINBURGH-The Scottish property market may still offer some shelter from global storms, and the outlook for the Scottish economy is cautiously optimistic, according to the latest market review from Ryden.

Scotland’s market is still reasonably positive and Scotland continues to dominate the call centre market in the UK with some notable job announcements in the last six months. Despite the fall in oil production, new jobs are still being created in the sector in Aberdeen.However, forecasts for growth are being revised downwards to reflect the impacts of the US economic downturn and the foot and mouth epidemic.

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