“Genuine
buyers will
pay a premium
to get what
they are
looking for”
private and cash transactions taking place Bishops Bay, with a private beach, to an
at the top end of the market, assisted by overseas buyer who wouldn’t let it go to
Focus on
demand from overseas. This is likely to be the closing date.
replicated elsewhere. “This is not a common occurrence,
Edinburgh city centre
“What happens in Edinburgh works but it will happen occasionally,” says
its way further north,” says Macnab. “We Perratt, adding that if Alistair Darling
have some outstanding properties coming drops the tax breaks for holiday homes
up in Perthshire and there’s considerable more west coast properties may come
activity around Gleneagles and to the market.
Sophia Sheldrick
St Andrews,” says Macnab.
Savills Edinburgh
In Glasgow and on the west coast, Sporting times
there has been a comparative lack of new Scotland remains popular with estate “We are now feeling more positive
property appearing on the market. This buyers, many of whom are attracted by the in Edinburgh compared to the
means prices are holding, but there’s fishing and shooting, the peace and quiet general sentiment before Easter.
less choice for buyers. It’s not the ideal of the northern environs and the belief Buyer numbers are increasing
market but as people move away from that Scotland is good value for money. daily, but there are insufficient
the area, transactions are going through. Savills has already sold three estates this properties to sell. People won’t
“The number of properties on offer has year, Dunira Estate in Perthshire, Balfour compete aggressively, but there’s
reduced, but the number of buyers is Castle Estate in Orkney, and a 5,000-acre an excellent response to what’s
increasing, thus giving a better match of estate, also in Perthshire. going on the market and property
buyers and sellers,” says Perratt. “Estate buyers would not usually rush is moving relatively quickly.
their purchase; they wait until they’ve “The Home Reports are helping.
Keen overseas buyers found the right place,” says Anna Thomas, A lot of properties have come to
Across Scotland, demand for country of Savills Edinburgh. “Less committed the market fresh this year, they are
houses remains healthy among returning buyers can fall by the wayside, but genuine realistically priced and buyers are
expat Scots and overseas buyers. Macnab buyers will pay a premium to get what generally prepared to pay at least
highlights the superb reaction to The they’re looking for. There’s also increased the valuation price, and sometimes
Old Castle in East Lothian when it was interest from overseas buyers due to up to 10 per cent more.
put on the market recently. After two favourable exchange rates.” “Sellers are nervous, but as
weeks, five offers were received at the The picture is one of opportunities long as you have reasonable
closing date and the premium achieved for the right properties marketed at the expectations, you can sell, move
was above the asking price. Also, the right price. It is not full recovery yet, but a on and do what you want to do.”
Glasgow office has just sold a house in distinct step in the right direction. n
savills ultimate property collection 103
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