On the 23rd June 2016, the UK as a whole voted to leave the European Union. However, in stark contrast to the majority of England and Wales, Scotland voted firmly in favour of remaining in the EU.

It is only two years since the Scottish electorate were asked whether they wished Scotland to be an independent country. The answer then was a firm 'No'. However, the result of the EU referendum, and the massive disparity in the response from different parts of the UK, has brought the prospects of a second independence referendum back on the table.

In this ViewPoint we look at how this situation has come about, some of the hurdles that need to be jumped in order for a second referendum to take place, and the implications on Scotland's commercial real estate markets.