The proposed development of 12 flats at Newfield House in Elgin presents a compelling investment opportunity, as the local housing market is experiencing a significant shortage of rental properties. With demand far outstripping supply, rental properties are highly sought after, often receiving multiple viewing requests shortly after being listed. The planned flats, designed to meet this demand, feature two bedrooms, a bathroom, and a kitchen/living area, making them attractive to a wide range of potential tenants and buyers. The Elgin housing market is promising, with property prices on the rise and expected to continue increasing due to ongoing development and regeneration projects in the town, making this development a strategic investment.