Scotland’s Economy Outperforming Rest of the U.K

by Gordon Campbell

March 2025

At Alliance, there is constant diligence that goes on in the background to ensure we are always ahead of the curve in identifying the right areas, right streets, right buildings and right properties for you.

It is important for you to understand the area that we offer you and how that dovetails in with the unique and exclusive off market properties we offer you.

You cannot just take the headline news of house prices and rents being up or slowed down based on a national average that is published.

There are a lot of regional variances throughout the UK with economic and property growth and there are different reasons for that.

It also drills down to the individual areas, streets and buildings.

That is why that local is critical.

That is where our knowledge, experience and expertise is, to know the areas and streets that will be an area of growth and demand.

And that is what we have constantly done for investors like you.

That was highlighted and detailed in our last blog and the various reasons why Glasgow property market is a constant high performer. BlogNews - Why Glasgow’s property market has so much stability | Alliance Property Group (click link to open).

Scotland’s Current Economy

Scotland’s economy, driven by Glasgow’s economy, outperformed the rest of the UK in recent years with higher growth per head of population, the Institute for Fiscal Studies has said.

Scotland was one of the most well-off regions of the UK, outperforming Wales and Northern Ireland as well as the north of England and the Midlands.

When it comes to economic growth, he added that on a per person basis, Scotland’s economy has been performing better than the rest of the UK since the pandemic.

Scotland is one of the more better off regions of the UK.

Last week, March 2025, a key survey by the Royal Bank of Scotland (click link to open), found Scotland was a “standout” performer among the UK nations and regions with its private sector economic growth in May accelerating the fastest pace in two years.

Scotland’s private sector growth in May was second-fastest among the UK’s 12 nations and regions, behind only Northern Ireland and ahead of London.

It’s behind London and the south east of England, but it’s well ahead of the midlands and north of England, not to mention Wales and Northern Ireland.

Scotland, led by Glasgow, has a broad-based and diverse economy, including a well-educated workforce, financial, high-tech IT, pharmaceutical and of course oil and gas.

Scotland’s economy is slightly larger than before the pandemic whilst in the rest of the UK it’s very slightly lower.

Scotland’s Employment Growth

The acceleration of growth in Scotland contrasted with a slowing of expansion in the overall UK private sector economy last month.

Employment growth in Scotland was third-fastest among the UK nations and regions, behind only Northern Ireland and north-west England, accelerating in May to its fastest pace in three months.

Summary

Investing in property doesn't have to be complicated...

There's a lot of noise these days on the internet about fancy property strategies, many of them are fiddly and hands on and you could argue it's not really investing due to the amount of time input required.

We have seen them come and go over the last 30 years in property investing.

Keep it simple and that is Buy to Lets.

And where better than the Buy-to-Let Capital of the UK…..Glasgow!

If you wish to have a chat in how you can start or expand your portfolio, please contact us.

Thank you for reading.

Alliance Property Group. Making a Difference.