The Monarchs of the Glum ; Lairds Feel the Pinch As Estate Prices Fall Victim to Cash Crisis

Summary

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THERE'S an ill wind howling through the glens as Scotland's trophy properties have finally caught the financial cold.

Hundreds of thousands of pounds are quietly being struck from the price of sporting estates and grand country piles as high-end estate agents warn that sales figures are expected to drop for the first time in years.

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Extract

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The Monarchs of the Glum ; Lairds Feel the Pinch As Estate Prices Fall Victim to Cash Crisis

Until very recently, the top end of the market was considered immune from the monetary crisis, with eight potential buyers for every Scottish property and half being bought by London-based hedge f...

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