The Scottish economy showed signs of slowing down as GDP fell to 0.3% in the third quarter of 2018, while the annual total return for all property fell to 5.6%.
Industrials had a strong end to the year, resulting in annual total returns of 8.6%, the best performer of the three main sectors.
Offices in Scotland overtook its counterpart in the UK, with annual total returns of 8.2% as opposed to the UK wide total return of 6.2%. Offices also pulled ahead of the alternative sector in the last quarter of the year.
The outlook for retail remained subdued as the decline in capital values accelerated in Q4. Despite this, Scottish retail remains ahead of its UK counterpart.
Investment volumes for 2018 were broadly in line with 2017, with £2.49bn transacted in Scotland throughout the year.