30 Nov

Houses for sale in rural Scotland risen by 130 per cent since 2000

Houses for sale in rural Scotland risen by 130 per cent since 2000

The value of houses for sale in Scotland's rural areas has risen by 130 per cent over the last ten years, a report has found.

According to the Bank of Scotland's Rural Housing Review, the average cost of a property for sale in the country's rural areas was £71,872 in 2000.

This compares with the average price of a home in the same districts in 2010 at £165,433 - an increase of £93,561.

Bank of Scotland's housing economist Suren Thiru said that this is likely to be the result of the "lifestyle benefits associated with residing in the countryside".

He stated: "Rural properties continue to trade at a significant premium to homes in urban areas."

The increase in prices for houses for sale in rural Scotland is greater than the growth of values in urban areas, which came in at 112 per cent over the decade.

This comes after the Bank of Scotland revealed its Property Type Review, which found that bungalows and detached homes rose in value by the greatest amount between the second quarter of 2009 and the same period in 2010, increasing in price by eight and seven per cent respectively.ADNFCR-1222-ID-800262915-ADNFCR

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