An article by Faisal Choudry of Savills has confirmed that Scotland has recently seen a rise in demand for prime property in commuter locations.
Initially the recovery in the Scottish market began in select city localities such as New Town, Stockbridge or Morningside in Edinburgh and the West End in Glasgow with these areas enjoying a strong market over the past few years. However the improvement is now spreading to more outlying places. Indeed over the past year there has been a jump in sales in locations such as Helensburgh and Kilmcolm and in fact in suburbs such as Liberton in Edinburgh and Netherlee in Glasgow with the return of closing dates and premium prices being paid.
As Faisal Choudry reports “Scotland’s prime market is expected to grow by 18.8% over the next five years in terms of value, outperforming the overall residential market.”