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SCOTLAND'S
2006 PROPERTY HOTSPOTS
(1 January 2006)
Knight
Frank, the UK's leading property expert, is predicting the top five
Scottish locations for property sales and highest price rises this
year, outside of Glasgow and Edinburgh's city centres will be Midlothian,
Perthshire, East Lothian, Fife and South Glasgow. Based on sales
figures for 2005 and the respective indicative trends from these,
the above areas are currently looking like Scotland's most sought
after locations for buying properties in the mid to top-end of the
market, this year.
| Location |
Predicted
Property Price Increases for 2006 |
| 1.
Midlothian |
10
- 12% |
| 2.
Perthshire |
8
- 10% |
| 3.
East Lothian |
8
- 10% |
| 4.
Fife |
8
- 10% |
| 5.
South Glasgow |
8
- 10% |
John
Coleman, Partner for Knight Frank in Scotland comments: "Whilst
we enjoyed a buoyant market for mid to top-end Scottish properties
throughout 2005, this was more so for 'trophy' properties such as
castles, mansions, sporting estates and second homes. This year
we predict continued high-demand for this calibre of property, as
supply remains insufficient to satisfy the growing demand.
"However
this year, finding suitable, good quality houses within commutable
distance will be a strong driving force behind continued price increases
which is why we believe Midlothian, Perthshire, East Lothian, Fife
and South Glasgow will all experience encouraging price growth throughout
2006."
MIDLOTHIAN
Knight
Frank predicts that this region will experience the highest price
increases in Scotland of up to 12% within the forthcoming year.
Midlothian has been earmarked for substantial house price increases,
as it still provides good value for money and is close and well-connected
for travel to Edinburgh. Also, with the proposed, reinstated railway
line from the Borders to Edinburgh's Waverly and the Capital's airport
- parts of Midlothian like Eskbank will experience increased demand
for quality housing as buyers can enjoy the benefits of a more rural
location, yet only a short distance from Edinburgh's city centre.
PERTHSHIRE
Knight
Frank predicts price growth of up to 10% for Perthshire properties.
This in part, can be explained by the area's beautiful yet diverse
countryside, good private and public schooling and the accessible
transport links to Edinburgh and Glasgow by train, road or bus which
can be reached in approximately one hour together with both cities'
International airports.
EAST
LOTHIAN
This
region boasts one of the most popular coastlines in Scotland which
proves to be a major selling point, particularly when buying a country
home. Knight Frank predicts a price growth of up to 10% in East
Lothian during 2006. The great combination of coast and countryside,
proximity to Edinburgh together with rail and road links along Scotland
and England's East coast, for travel to London and other major cities
in England - make East Lothian another hotspot for this year. People
are also buying here for the quality of life with award-winning
beaches, some of the world's finest selection of links golf courses
and grouse moors.
FIFE
Fife
will also experience a price growth of around 8-10% according to
Knight Frank and is being pinpointed as one of the top five locations
to buy in this year. Buyers are being lured here, again because
of the quality of life available and being able to purchase a larger
property for better value for money and with several acres of land.
The region provides spectacular coastlines, over 40 golf courses,
including the famous Old Course and the university town of St Andrew's,
which offers good shopping, an eclectic mix of restaurants, cafes
and bars.
SOUTH
GLASGOW
Knight
Frank has predicted that the south of Glasgow will experience a
price growth of around 8-10% in 2006. This is partly due to the
improved travel links, with the extension of the M77 and construction
of the Glasgow Southern Orbital (GSO), which were projects completed
last year. The extended M77 together with the Glasgow Southern Orbital
provides a major link between Lanarkshire, East Renfrewshire and
Ayrshire, particularly benefiting areas such as Clarkston, Busby
and Newton Mearns. The GSO also makes travel from the south of Glasgow
to East Kilbride and then onto Carlisle a quicker and easier road
journey. Commuters from this area can also benefit from good rail
and bus links into the city centre and Glasgow Airport is very close
by. The range of good private and public schools, quality Victorian
properties with excellent shopping, restaurants and bars, on a par
with those in the city's West End, is fuelling demand for properties
here.
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