Highlands and Islands property market defies the headlines

The property market in the Scottish Highlands and Islands has been booming for some years and despite signs of a slowing market elsewhere, prices remain strong in the North and West of the country.

With mortgage rates rising and rumours of house prices stagnating, you could be fooled into believing the Scottish property market is about to crash. But our experts in Oban and Beauly are seeing no let up, with predictions that growth is to slow yet to be seen in practice.

In fact, Andrew Fuller, Bell Ingram’s Estate Agent in Oban, recently secured a sale for a home achieving 100% over the asking price, which put paid to the fact that buyers are no longer willing to offer such large sums over the home report value as we have seen post pandemic. Most recently Andrew and his team also secured two notable sales of over £1million for homes in some challenging conditions.

This is just one example, but it would appear to be backed up by the latest figures from Registers of Scotland that show the price of a detached home is up by 13% to £349,000 on average with the biggest increases seen in the council areas of Argyll, Highland and the Islands.

Similarly, Joanne Stennett, our Estate Agent based in Beauly in the Scottish Highlands, is still experiencing huge demand in the region with houses regularly going to closing dates and achieving in excess of 10% over the asking price.

Interest in both the Highlands and Islands remains strong with a constant stream of enquiries from buyers south of the border, and increasingly from the Central Belt. This demand for houses in the regions has remained strong since the pandemic and off market deals are becoming common place as buyers vie for properties before they reach the open market, such is the competition for stock.

Despite a recent uptick in house prices in the regions, they continue to be favourable to those further south and Joanne believes this will only continue as mortgage rates squeeze buyers out of already expensive property markets.

There is one thing Andrew and Joanne do not have on their side while working in some of Scotland’s most regions is and that is the weather. As we look towards the end of this year and early 2023, it will be the only thing holding them back.
If you are interested in taking advantage of this strong market speak to your nearest Bell Ingram office about our free market appraisal service.

Our people

Andrew Fuller

Andrew Fuller

Senior Associate
Estate Agency
Tel: 01631 566 122

About: Andrew heads up the Estate Agency team in our Oban office and is focused on ensuring his clients have a first-class experience when they list their property with Bell Ingram. A resident of the Isle of Mull, Andrew is very well known across the West Coast of Scotland and has developed an excellent reputation for marketing prime residential property, including plots, crofts, island homes and lifestyle opportunities. Andrew joined Bell Ingram following almost 15 years managing several high-level private and commercial development projects in the United Arab Emirates. Interests: Residential Estate Agency, Rural Property Sales.

Get in touch

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    Our people

    Joanne Stennett

    Joanne Stennett

    Estate Agency
    Tel: 01463 717 799

    About: Joanne heads up the Estate Agency team in our Beauly office and is focused on ensuring her clients have a positive experience when they list their property with Bell Ingram. From country houses to farms and estates, she has been marketing prime residential property in the Highlands and Islands for over 17 years. Joanne is well known in the local area, having developed excellent relationships with buyers and sellers. Interests: Residential Estate Agency, Rural Property Sales.

    Get in touch

    We'd love to hear from you, use the form below to email me direct

      Article posted on 12/09/2022

      Five of the best lifestyle opportunities on the market

      Repeated lockdowns have seen us all spend more time in our homes, which has really focussed the mind of buyers on what they truly want from their homes and living environments. For some, it has even thrown into question the type of lifestyle they wish to lead and has led to some downing tools and upping sticks entirely in the search for a more rural way of life.

      At Bell Ingram we have seen the increase for demand of rural properties which offer a new business and lifestyle opportunity. Here we round up five of the best lifestyle opportunities on the market with Bell Ingram.

      1. Barmore Farm, Tarbert

      This well established and profitable holiday business offers buyers an opportunity to acquire a beautifully presented, listed Victorian Steading, sympathetically converted to a selection of unique holiday let cottages, each offering a blend of traditional and contemporary living.

      Offers over £1,100,000.

      2. Roseview, Oban

      Situated in a wonderful rural location on the fringe of the ever-popular coastal town of Oban, Roseview Caravan Park is set in approximately 4.89 acres of land and offers buyers an opportunity to acquire a well-established tourist destination, perfect for those looking for a lifestyle change or tourism investment.

      Offers over £795,000.

      3. Ornum House, Beauly

      Ornum House is a very well presented property which is brought to the market alongside two popular self-catering cottages. The house is currently run as a successful Bed & Breakfast business and the overall package offers the purchaser the opportunity to live in a beautiful, quiet location and have a business on site.

      Offers over £600,000.

      4. Coullabus Farmhouse, Isle of Islay

      With its rural setting on the picturesque island of Islay, Coullabus Farm offers a superb opportunity for those looking to adopt a lifestyle change and reap the benefits of a country island life.

      Previously operated as an operational island dairy farm, the main farmhouse property now offers family accommodation over two levels, with an adjacent tastefully converted detached cottage giving opportunity for self-catering accommodation with scope for significant secondary income.

      Offers over £595,000.

      5. Ardnamurchan Natural History Centre, Acharacle

      The Ardnamurchan Natural History Centre offers buyers an opportunity to acquire a thriving business with three identifiable income streams – retail, tearoom and exhibition. The property is set in an enviable rural location on the West Coast of Scotland, a wonderfully scenic location, popular with tourists visiting the region.

      Offers over £525,000.

      Article posted on 07/02/2022