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Scotland review : regional property market - 2010

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Scotland review : regional property market - 2010

Prices have remained flat for the past nine months after falling sharply in the latter half of 2008 and the first six months of last year. Values are still 6.5% lower than they were 12 months ago, but I believe that an increase of up to 5% is not inconceivable over the rest of the year. Locations within commuting distance of Edinburgh are likely to pick up first.

The value of prime Scottish country houses has taken longer to recover from the impact of the credit crunch than some other markets. Many properties are bought as second or third homes and there has been very little activity in this sector of the market to push prices back up. It is only now that we are starting to see a return of buyers looking for this type of discretionary purchase.

Source : Knight Frank

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Keywords : Knight Frank