Monthly Archives: February 2015

Use Tax Depreciation Specialists For Tax Depreciation

As the West Highlands is largely bereft of any significant new build activity from national developers – they tried it 15 years or so ago when the market was depressed and have yet to return – choice and compromise plays a much bigger part in the decision making of prospective house buyers in the West Highlands than they do in some other parts of Scotland

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Incomers to Oban, Fort William and Lochgilphead – and incomers play a significant part in the West Highland housing market – are often surprised by the limited choice of houses on the market at any given time. A preferred house in Oban would be built of traditional stone and have a sizeable garden with a view over the bay – but there are very few houses which have all three of these elements. An Quantity Surveyor, otherwise called a Development Economist, or Expense Administrator, is one of a group of expert counselors to the development business. The upper end of the housing market in Oban comprises four or five bedroom houses commanding a price within the £150-£200,000 range. Similar prices would apply to Fort William and Lochgilphead, though not to equivalent houses situated on an island or in a more rural setting where house buyers from south of the border, ex-patriots or from elsewhere in Europe tend to raise the stakes.

Where such purchasers have an interest in sailing, then houses with a view that can also offer access to water and anchorage might command £300-£400,000 in what is a highly competitive market. It is in this market sector where the influence of incomers is most apparent as, unlike many local residents, incomers can afford to pick and choose and tend to have a preference to live outwith but within reach of Oban or Fort William, whilst retaining the privacy and amenity of a rural or coastal setting.

The impact of incomers on the housing market is particularly noticeable on islands like Mull where there is a huge demand for homes from people living outwith the West Highlands. Consequently, much of the local population cannot afford to buy some of the most desirable properties and there is little if anything that the local authorities can do to intervene is this matter.

Whilst some might seek to encourage housing associations to build property in such areas, these tend to be rented properties. The difficulty here is that if occupiers of such properties are subsequently granted the right to buy their homes, they will then be sold to the highest bidder which, in itself, acts to distort the market.