SCOT­LAND’S VOICE OF PROP­ERTY ROUNDS UP THE WEEK’S NEWS –

The Herald Magazine - - Etc / Scotland’s Homes - Bev­er­ley Brown

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.

MANHATTEN EF­FECT

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.

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