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BBC News | Why a slice of Edinburgh is being bought up by overseas owners AI generated summary, Read the full article for complete information. New data reveal that over a third of the 751 property titles in Edinburgh’s upscale Quartermile development – 263 in total – were bought by overseas owners, with 95 titles linked to buyers in Hong Kong and sizable shares to Singapore, Malaysia and 44 other jurisdictions. The modern glass‑and‑steel district, built on the former Royal Infirmary site between the Old Town and The Meadows, has become a magnet for international investors and students, feeding into the city’s 59 % rise in average monthly rents over the past decade. While most Scottish land is domestically owned, Registers of Scotland show 1.4 % of all titles (28,825) are held by non‑UK addresses, and Edinburgh accounts for 18.7 % of those overseas registrations. Local experts warn that the influx of foreign capital – especially in high‑end projects like Quartermile – drives up prices, benefits speculative investors, and channels profits out of the Scottish economy, even as it underscores the area’s appeal as a centrally located, premium address. Read more: https://www.bbc.com/news/articles/cj0v65mj978o?at_medium=RSS&at_campaign=rss #Quartermile #MalcolmFraser #LeahBryce #Edinburgh

BBC News | Why a slice of Edinburgh is being bought up by overseas owners AI generated summary, Read the full article for complete information. New Register of Scotland data shows that one‑third of the 751 titles in Edinburgh’s Quartermile district – a glass‑and‑steel redevelopment between the Old Town and The Meadows – are owned by overseas buyers, with 263 properties registered to foreign addresses. Hong Kong accounts for the largest share (95 titles), followed by Singapore (51) and Malaysia (12), and owners hail from 44 countries including Russia and the Cayman Islands. The Quartermile, built on the former Royal Infirmary site, has become a lucrative hub for offices, hotels and luxury apartments, driving higher rents and attracting international students, investors and affluent expatriates. Experts note that the development’s premium central location fuels its appeal to foreign buyers and reflects a broader trend of foreign ownership in Edinburgh’s property market, where about 5,385 titles across the city are held by non‑UK residents. Read more: https://www.bbc.com/news/articles/cj0v65mj978o?at_medium=RSS&at_campaign=rss #MalcolmFraser #LeahBryce #Quartermile #HongKong #Singapore