Erm…

Odd:

Concerns among islanders include over-reliance on primary industries such as farming and a lack of affordable housing.

There are also worries about the islands\’ decreasing population as greater numbers move to mainland Scotland for employment.

You\’d think that the solution to high house prices was falling population, wouldn\’t you?

3 comments on “Erm…

  1. The problem with house prices in the Scottish Isles is that so many people “from South” retire up here; they bring large pensions and (relatively) huge quantities of cash from sale of their houses. Then when they see a house they want, under the Scottish “offers over” bidding system, they just bid what it takes to buy it. At the height of the property boom here 18 months ago, for instance, it was quite common for people from the England and the Central Belt to bid 50% – 100% above the asking price because the property they wanted still looked ludicrously cheap (to them). I know of a good number of cases where bidding was won without the bidder having even come to view the property.

    So, it is possible to lose population numbers and yet see property prices rocket out of reach of local youngsters. What people don’t publicise so much is that the people moving in bring wealth with them, some of which is spent locally. A few savvy folk – particularly tradesmen who combine a modicum of people skills and customer service with their trade skills, are doing very nicely.

    The numbers coming up here aren’t huge in the overall scheme of things

  2. Hmm.. sorry . Where did “but it’s enough to skew property prices quite dramatically” go off the end of that?

  3. So, it is possible to lose population numbers and yet see property prices rocket out of reach of local youngsters.

    People in my hometown moan about being priced out of the housing market by “rich people from England” moving into the area. I’ve always wondered if those for whom Kensington is their place of birth feel they are entitled to own a house there for life.

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