Scottish market slows
Property prices in Scotland are faring better than those south of the border, finds a new report


House prices in west central Scotland slowed gradually over the last three months of 2007, but remained well above the average for the UK. * Search for prime property for sale in Scotland House price inflation across west central Scotland slowed to 8.2%, down from 11.9% this time last year and 9.1% in October, according to the latest GSPC (Glasgow Solicitors Property Centre) quarterly house price report. This is above the UK average at around 6.9%, down from 9.3% in the third quarter last year. The gradual slowdown suggests Scotland's largest property market is experiencing a 'soft landing.' While prices were down to 5.4% from 6% in Glasgow, more affordable areas including Renfrewshire, North Ayrshire and North Lanarkshire saw prices rising faster than a year ago. 'These figures go a long way to showing why homeowners and buyers in Scotland should not be too heavily influenced by UK-wide reports on the property market. The west of Scotland is slowing, but continues to fare better than south of the border,' says GSPC chairman Michael Samuel. Archie Leslie-Ingram from Bell Ingram in Perth (www.bellingram.co.uk) predicts price growth will slow to 4% this year, compared to 12% last year. Historically, Scotland has not witnessed a crash in values and the slowdown could be an adjustment to racing prices over the last few years, he believes. 'Anything rural with land is selling well, despite land values going up enormously. People are happy to pay for a bit of land to secure their privacy or use for leisure purposes. Commutability to urban centres, stations or airports is important too,' Mr Leslie-Ingram adds. Equally, there will always be purchasers keen on remote spots, argues Mr Leslie-Ingram. 'There is always a queue looking for an isolated location.' * Search for prime property for sale in Scotland
Sign up for the Country Life Newsletter
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
Country Life is unlike any other magazine: the only glossy weekly on the newsstand and the only magazine that has been guest-edited by HRH The King not once, but twice. It is a celebration of modern rural life and all its diverse joys and pleasures — that was first published in Queen Victoria's Diamond Jubilee year. Our eclectic mixture of witty and informative content — from the most up-to-date property news and commentary and a coveted glimpse inside some of the UK's best houses and gardens, to gardening, the arts and interior design, written by experts in their field — still cannot be found in print or online, anywhere else.
-
The century-old enamelling technique used to create Van Cleef's lucky ladybird brooch — which has something in common with Country Life
The technique used in the jeweller's Geneva workshop has been put to good use in its latest creation.
By Hetty Lintell Published
-
‘The best sleep in the sky’: What it’s like to fly in United’s Polaris cabin, approved by American icon Martha Stewart
United’s Business Class cabin goes by the name Polaris and Martha Stewart is a fan. So, how does it fare?
By Rosie Paterson Published