Country estates ‘failing to find buyers’

Several of the most expensive homes for sale in Scotland have failed to find buyers in the past year as the demand for high-end properties slows.

Stamp duty increases, tax on second home ownership and political uncertainty caused by the EU referendum and on-going debate on Scotland’s constitutional future have been blamed by estate agents for putting off potential investors.

The Dall Estate in Highland Perthshire, which includes a 38-bedroom mansion, is one of a number of exclusive properties that have been on the market for more than a year.

The former clan seat was advertised for sale in October 2014 after plans to convert Dall House into a private members’ club were rejected.

It is currently on the market for offers over £7.5 million.

“Certain policies are making it harder for higherend properties to be purchased,” said Kyle Coburn, director of Asset Properties and agent responsible for the sale of the Dall Estate.

“A lot of high-end properties have failed to sell in the last 12 months.”

Other landmark homes which have failed to see in the past year include Craigcrook Castle, which is just three miles from Edinburgh city centre and has a guide price of £6m.

Meanwhile, the asking price of the Cassilis Estate in South Ayrshire has dropped to £3.9m after initially being listed for £5m.