No Signs of the Credit Crunch As Buyers Snap Up Country Estates

Summary

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THE top end of the country house and estate market north of the border is riding out the credit crunch with Scots overtaking foreign buyers in snapping up multi-million-pound properties.

Ten years ago, 90 per cent of buyers of country estates were from overseas, but now half are from Scotland. John Coleman, partner at Knight Frank estate agents, said: "There's no doubt there's money available in Scotland. We have no problem getting interest in country houses, farms and estates worth GBP 5m and upwards. Some properties might just take a little longer to sell."

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No Signs of the Credit Crunch As Buyers Snap Up Country Estates

And while average house prices are falling across the UK, agents who market expensive "trop...

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