Wealthy buyers are looking for trophy properties, especially those near famed golf courses.
-- Americans have been on a shopping spree for properties in Scotland.
“There is a lot of demand for townhouses in the city center in the £2 million-plus range with outdoor space,” says Volpi, who highlights New Town, an area north of Princes Street known for Georgian-period homes, as a hot spot. He’s an agent on one of Scotland’s most expensive listings: an eight-bedroom house designed in Scots Baronial style, with 7.8 acres of landscaped gardens and woodlands, that’s listed for £6 million.
Max Mills, head of residential sales in Edinburgh for property company Rettie, says many Americans have family connections to Scotland, and the heritage is inspiring big purchases. These clients usually pay cash, meaning they aren’t put off by increased mortgage rates. One currently for sale is Dunbeath Castle, which sits dramatically on a cliff above the North Sea. It’s listed for £25 million by Savills and includes 28,500 acres of land and 12.5 miles of river flowing to the coast. A castle has stood on the location since the 15th century.Earlier this year, Utah attorney David Leavitt and his wife purchased 19th century Knockderry Castle in Argyll for £1 million.
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