Feb 02 2008
House prices high in Highlands
Scotland, Feb 2: The real estate sector is undergoing a huge growth as the desire for a better quality life attracts people to the north of Scotland. The prices of the houses in the Highlands have undergone a rapid increase than any other areas in Scotland as according to the new statistics.
According to bank of Scotland the cost of a home in the region has experienced a three fold rise since 1997 by 221% as against Edinburgh that experience 201% growth during the same period. The survey has identified East Renfrewshire as the most expensive place in Scotland to buy a property. In the year 2007 the average price of a house in the Highlands was £173,081 it experienced a three fold increase as compared to the rates 10 years ago.
While commenting on this the manager of Highland Solicitors Property Centre, Sarah Woodcock said: “In the Highlands particularly around Inverness, we have seen an unbelievable growth with business opening flourishing in the area and lots of people are eager to settle in Inverness. High quality of life, modern lifestyle and opening to outdoors are some of the attracting features of Inverness. Some people are showing tendency to sell their property down south to settle in Highlands to get more for their money.”
Although the house price is high in the north of the border when compared to the other parts of the UK it is lower. As a contradiction to that five out of 10 least expensive areas in the UK were also in Scotland. House prices were expected to increase in Scotland in the year 2008.
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