Ex-pat Brexit bounce on Scotland's west coast

Ex-pat Brexit bounce on Scotland's west coast

The EU referendum result is providing an unexpected boost to the property market on the west coast of Scotland, according to a local land and estate expert.

In recent months, Oban-based Bell Ingram has seen a significant rise in enquiries from British ex-pats seeking to return to the UK, and particularly those looking to move to Argyll and the Isles.

Will Banham, of Bell Ingram’s Oban office, said while there has always been prominent international interest in property available throughout the Highlands and Islands, the Brexit vote has caused a noticeable increase in demand.

Will said: “We’ve been surprised by such a marked jump in international enquiries, particularly for Island properties. Recently, we’ve had ex-pats in France, Portugal, The Canaries and Denmark get in touch. The Isle of Mull in particular seems to be of real interest to these buyers.”

Factors driving the trend appear to include perceived value for money and the possibility of Scotland retaining a closer relationship with the EU post-Brexit than the balance of the UK.


In what has been a turbulent year for the Scottish property market, the new 3% premium in LBTT (land and buildings transaction tax) for second homes, the EU referendum and the possibility of a second independence referendum have all had competing impacts on market demand.

Will Banham continued: “The English retirement market has unexpectedly strengthened following the Brexit vote with many retirees looking to move to the west coast sooner rather than later. This has counterbalanced the reduction in demand for holiday homes or for young families looking to get out of the rat race.

Typically, we now have an older buyer profile looking for properties with manageable gardens and good views. For the first time in many years, big plots and acreage can actively discourage buyers.”

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Latest Comments

SecomTech
SecomTech 22 Jun 2017

AT Last...This was discussed years ago and there was a move towards landlords registering their bad tenants on a database..(can't remember where) It seems a logical step though our leaders will probably...

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Bertrand
Bertrand 02 Jun 2017

How about the Welsh Govt introducing a scheme to protect landlords against "rogue" tenants who are then taken to court for criminal damage to the properties they trash. Pretty unlikely I suspect and politically...

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AmberMorris
AmberMorris 25 May 2017

"Please don't pick a novelty tune-playing doorbell. They're not 'fun'. They're stupid." Laughed a lot to this. It's actually true, though.

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Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

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Bertrand
Bertrand 17 May 2017

First step to nationalisation of the private rented sector IMHO. Nanny state poking their noses into things yet again. I object, as a decent landlord, sometimes having to deal with some pretty awful tenants,...

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Izzy
Izzy 16 May 2017

This is such a great a post. I love the detail you've gone into. It's a very useful article for helping those who are looking at deciding which sector they would like to go into! When I first started investing...

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paul burnham
paul burnham 30 Apr 2017

Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

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CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

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warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

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Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

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Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

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MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

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