FIFE PROPERTY MARKET SHIFTS AWAY FROM COASTAL HOT-SPOTS

·         Sustained interest in rural properties in Fife away from the coast

·         Cooling St Andrews property market

·         East Neuk market hit by increased tax for investors and second home owners

Inland and rural parts of Fife are recording strong house price growth amid signs of a slowdown in the traditional hot-spots of the East Neuk and St Andrews, according to leading property consultancy, and Media House client, Galbraith.

Glenrothes was ranked 10th in the UK for house price growth according to Rightmove, with  an average increase of 6.8 per cent from 2023 to 2024.

Galbraith data corresponds with this report, reflecting increased interest in rural parts of inland and central Fife , due to the better value for money on offer in these areas and good access to Perth, Dundee, Edinburgh and Glasgow.

Dominic Wedderburn, head of residential agency for Galbraith in Fife and Angus, commented: “The more provincial parts of Fife have performed better over the past 12 months than the traditionally more sought-after areas like St Andrews and the East Neuk.

“There is serious interest in rural property in Fife – with strong demand for equestrian properties with land and also good demand across the board for well-presented houses in accessible locations, whether traditional or contemporary homes.

Read the full report published in The Courier, which also covers details on the increase in the rate of Additional Dwelling Supplement, announced in the Scottish Budget, and its impact on the property market.

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