The planned independence referendum is an additional risk that adds to the costs of investing in Scotland, it has been claimed.
The warning comes from Malcolm Naish, who stepped down as chairman of the Scottish Property Federation last week.
He said investors would hold off on decisions until there was more clarity about Scotland's political future.
The Scottish government has called for critics to provide examples of those investors who are cautious.
Mr Naish also warned against moves by the Scottish government to increase tax on supermarkets and to remove rebates on commercial properties that are lying empty.
The comments add to the concerns raised about renewable power investment in Scotland by energy analysts at Citigroup, later contested by a rival analyst.
There have also been claims from the Chancellor, George Osborne, and by Danny Alexander, the Treasury Secretary, that investors are being put off investment by uncertainty over Scotland's constitutional future.
Source: BBC Business News
For the full article read here:
http://www.bbc.co.uk/news/uk-scotland-scotland-business-15908948
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