SCOTLAND’S VOICE OF PROPERTY ROUNDS UP THE WEEK’S NEWS –
LIVING by the sea is something many people aspire to and new research by Bank of Scotland shows buying a home in some of Scotland’s seaside towns could cost considerably less (over £24,000) compared to elsewhere in the country.
In the last five years average house prices by the sea have increased by six per cent – around half as much as prices across Scotland as a whole. The bank highlights an east-west price divide, with nine of the top 10 prices on the east coast, where for the second year running, North Berwick is the most expensive seaside town with an average house price of £342,346, followed by St Andrews (£312,063).
In contrast, the 10 least expensive properties are on the west coast – and if you want to bag a bargain, Millport on the Isle of Cumbrae has an average price of £81,233, closely followed by Girvan at £91,459. But the report shows house prices in Argyll and Bute have increased over the last year – topped by Port Bannatyne on the Isle of Bute, where average house prices have risen 41 per cent, followed by Campbeltown and Rothesay. Interestingly, the average happiness rating revealed the happiest coastal homeowners live in Port Bannatyne, Dunoon and Stranraer, three of the least expensive seaside towns in Scotland.
PROPERTY veteran Bruce Patterson, Corum’s managing director for Ayrshire, says the market in Ayr and Troon has never been busier, with sales up 40 per cent yearon-year – and with 40 sales in June, the Ayr office has set a new record. “Ayr offers better value than the cities and although younger people initially gravitate to the cities, we then get the Manhattan effect when they cash in their chips and return, particularly as road and rail links have improved – Prestwick and Troon are now almost extensions of the city,” he says.
CITY OFFICE FOR RETTIE
RETTIE has opened a new city branch at its Bath Street office in Glasgow in response to demand from its growing investor and buyer/seller database. The team is led by branch manager Lisa Pitchers and associate partner Jamie Osborne.
VALUE: Millport on the Isle of Cumbrae is the place to find a bargain by the water.