30
Nov
Houses for sale in rural Scotland risen by 130 per cent since 2000
The value of houses for sale in Scotland's rural areas has risen by
130 per cent over the last ten years, a report has found.
According to the Bank of Scotland's Rural Housing Review, the
average cost of a property for sale in the country's rural areas
was £71,872 in 2000.
This compares with the average price of a home in the same
districts in 2010 at £165,433 - an increase of
£93,561.
Bank of Scotland's housing economist Suren Thiru said that this is
likely to be the result of the "lifestyle benefits associated with
residing in the countryside".
He stated: "Rural properties continue to trade at a significant
premium to homes in urban areas."
The increase in prices for houses for sale in rural Scotland is
greater than the growth of values in urban areas, which came in at
112 per cent over the decade.
This comes after the Bank of Scotland revealed its Property Type
Review, which found that bungalows and detached homes rose in value
by the greatest amount between the second quarter of 2009 and the
same period in 2010, increasing in price by eight and seven per
cent respectively.