Foreign investors snap up £1 million worth of properties in Scotland

FIFTY foreign investors have snapped up properties in Dundee, Edinburgh and Stirling worth more than £1 million following a roadshow by Edinburgh-based Grant Property.

Chief executive Peter Grant visited Hong Kong, Singapore and Qatar to secure cash from ex-pats and foreign investors.

Grant said: “Investors in the Middle East know a good deal when they see one. That’s why I have come back with a large number of new clients. I am confident that more foreign investors will come to us in the near future because the UK property market sits head and shoulders above counterparts in Europe in terms of return on investment.”

News of the investments comes just weeks after Grant revealed he had raised a £20m war chest from investors to buy up to 15 properties in Aberdeen over the next year. The company has raised cash from investors in 30 countries and rents out properties in 12 cities in the UK.