Welcome
Welcome
S
cotland has a world-wide effect, working its way out from London, .com
reputation as a country of the national stereotype applies. We Scots
outstanding natural beauty. are more prudent, less heavily mortgaged
Photolibrary
It offers an exceptional quality of and more protected from the boom and
over:
c
life and some of the world’s most stunning bust being experienced elsewhere. Indeed
scenery, and Savills is fortunate to be Scottish house prices have already proved
involved in the sales of many of Scotland’s their resilience, seeing smaller price
finest properties. falls than the rest of the country for five
There is an endless variety of desirable consecutive quarters.
living environments from which to
choose – from the buzz of Edinburgh Sound long-term investment
and Glasgow, to the peacefulness of the 2009 is likely to be a good time to buy
low ground countryside, and the rugged in Scotland. It is undoubtedly a buyers’
Contents
magnificence of the Highlands and Islands. market with opportunities for equity-rich
Unbelievably around 90 per cent of the and cash purchasers. Most sellers are now
The perfect match 4
country remains undeveloped and our accepting realistic prices and mortgages Despite tough times, cash buyers will
awe-inspiring coastline stretches for 6,000 are more affordable thanks to reduced
pay a premium for their dream estate
miles. Since Victorian times, Scotland has interest rates. We are seeing an increase
been famed for its excellent educational in the level of non-Scottish buyers in the
A good year to move 6
A realistic approach to the current
system, our thriving cultural scene and prime markets, including overseas buyers
market could result in a good sale
a wide range of leisure pursuits. People exploiting the weaker pound.
come from all over the world to play golf The housing market is cyclical, and
Edinburgh 8
on its links courses, and to enjoy a range of we believe that a good quality home will
field sports including deer stalking, grouse always be a sound long-term investment.
Glasgow and the 10
shooting and salmon fishing. After the ravages of the credit crunch in
west of Scotland
2008, sellers are only putting their homes
Everyone’s perfect property on the market if they have to. As a result Stirling, Fife and 12
The range of home is diverse, ranging the stock of available prime houses will
Perthshire
from medieval castles and Georgian reduce. We fully expect the laws of supply
terraces, to Victorian and Edwardian and demand to prevail with price falls North East 14
suburbs and modern, architect-designed, levelling off in the short term, and a return
and Highlands
contemporary homes. We have included to price rises in the longer term, with
an in-depth analysis of the best homes and meaningful growth in 2012. Lothians and Borders 15
locations throughout this magazine. Whether you are looking for a smart
Importantly, especially in today’s home in which to raise a family and build
economy, our small but perfectly formed a prosperous future, or to retire to a haven
country offers better value for money than where you can take life a bit more easily,
many other prime European residential Scotland does have it all. And as you will
All statistics and research in this
markets, including the rest of the UK. see when you flick through the pages of this
publication have been provided and
The average prime property value in magazine, Savills is well placed to help you
sourced by Faisal Choudhry, Savills
Scotland during the first quarter of 2009 achieve your dream. Research (Scotland)
was £614,000, compared to £1.077 million
for Great Britain as a whole. You simply
Faisal choudhry
get far more house for your money in
Jamie Macnab
0141 222 5880
Scotland – and much more green space.
Head of Scottish
fchoudhry@savills.com
While financial events have caused a ripple Residential Property
Savills Scotland MaRkeTing pRoduced by All offices have access
Residential Review Marketing Manager Mediaclash
to specialists from Savills
Wemyss House, Joanna Clark Circus Mews House, Bath BA1 2PW
Private Finance, one of the
6-8 Wemyss Place, jclark@savills.com Tel 01225 475 800
UK’s leading independent
Edinburgh, EH3 6DH +44 (0) 131 247 3746 Web www.mediaclash.co.uk
mortgage brokers
Tel +44 (0) 131 247 3700 www.spf.co.uk
Web savills.co.uk
ediToRial pRinTed by Page Media Group
Beth Hocking
publiShed by
Susan Wright
Savills L&P Ltd
investment advice The information and opinions contained in this
© Savills L&P Ltd. No material may
magazine do not constitute professional advice and should not be relied
be used in whole or part without the upon. Specific advice relating to your individual circumstances should
permission of the publisher. be obtained.
savills scotland residential review 3
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