Scottish Field - - PROPERTY -

From Kathryn Bontoft, Land Agent at Gold­smith & Co. in Ed­in­burgh. Ap­prox­i­mately 20 to 30 es­tates change hands each year, with an in­creas­ing trend to­wards pri­vate off-mar­ket sales. Around 39 per cent of Gold­smith & Co.’s reg­is­tered es­tate pur­chasers are now over­seas based. Since Brexit, the pound has weak­ened by around eight per cent against the euro. The pound has also dropped $0.24 against the dol­lar. This has made all classes of UK prop­erty much more at­trac­tive to over­seas in­vestors. Long lets of sport­ing es­tates and coun­try houses are also in­creas­ing in pop­u­lar­ity. Both buy­ers and sell­ers now see this op­tion as pro­vid­ing far more flex­i­bil­ity in times of po­lit­i­cal uncer­tainty.

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