International buyers are snapping up Scottish sporting estates, according to reports from property consultancy Galbraith.
The falling value of the pound, combined with estates’ reputation as a sound investment, has more than counteracted uncertainty caused by Brexit and ensured that demand continues to exist. Galbraith’s Anna Henderson said any reduction in the number of estates sold was more down to a lack of sellers than a lack of potential buyers.
She said: “When estates do come up for sale, there has been interest from both home and abroad, and we have seen one large Scottish sporting estate acquired by a Russian, the first time they have been active in the Scottish market for more than a decade.
“The average sale price in 2016 was £3.4 million. To date in 2017 the average sale price remains quite similar, at around £3 million. Coastal or waterside estates tend to command a premium, with recent sales achieving as much as 35% above the asking price.
“Scotland is one of the few places in Europe where large areas of wild land can still be acquired for either sport or conservation. For those looking for natural beauty, affordability and privacy, there is nowhere else that comes close. Scottish land also represents extremely good value for money.”
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