While property marketing pundits have busy pointing out the huge north-south divide in English property prices, it seems that cities in the north of Scotland have been busy quietly adding value.
While everyone was busy watching what was happening in the capital and its satellite centres, house prices in the two most northern cities – Inverness and Aberdeen have seen the highest rise in the UK over the last ten years.
In Aberdeen, jubilant property marketing firms have seen prices rise by 94% since 2002, while in Inverness the cost of homes is up 81% over the same period.
Energy Industry Boosting Scottish House Prices
Economists are citing Aberdeen oil industry connections, while Inverness, it seems, is benefitting from increased inward investment across a range of sectors from life sciences to renewables – each bringing their own wave of relocators and upping demand for homes in this once sparsely populated city.
Julia Willett of Strutt and Parker said: “As the energy sector has grown in the last decade, the property market has grown alongside it.”
And these two shining northern property lights are not the only ones to watch in the Scottish property market, since both Dundee and Perth also made it into the Top 5 Growth Cities for house prices in the ten years to 2012.
Homes for Sale in Scottish Cities
Buyers wanting to jump on the Scottish Cities bandwagon might like to consider one of these properties – at the higher end of their cities’ house price scales!
- Five Bed Detached With Building Plot Tighnabruaich is a character home on the outskirts of Inverness.
- Modern Townhouse Offers Luxurious Living Contemporary style on offer in Aberdeen
- 16th Centrury Castle Keep Character property in Dundee
- Victorian Splendour in Scotland’s Newest City Traditional home at the gateway to the Highlands.