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Scotsman
26-05-2025
- Business
- Scotsman
Discover the 10 cheapest places to buy property along Scotland's coast
A new report has found the cheapest places to buy property along Scotland's coastline. On average, homes in Campbeltown cost just £103,078. | Adobe Stock / Canva Pro / Getty Images Tracking house price movements in coastal locations across Britain, the Bank of Scotland Coastal Homes Review has found that Campbeltown – the former whisky capital of the world – is the cheapest town in Scotland for those looking to purchase property by the seaside. On average, homes in Campbeltown cost just £103,078. That's more than £350,000 cheaper than St Andrews; Scotland's most expensive coastal town. Compared to the British average of 18%, over the last five years prices in Scottish coastal towns are up 25%. In the last year, the housing market for Scotland's coastal locations was worth around £1.9 billion. Isla Benzie, Head of Bank of Scotland Mortgages, said: 'Scotland's coastline offers something for everyone – from the historic streets of St Andrews to the island charm of Rothesay and Millport. 'While some of the most sought-after locations continue to command premium prices, there are still plenty of affordable options for buyers willing to look beyond the traditional hotspots. 'Coastal property prices in Scotland have risen over the past year, reflecting strong demand and the enduring appeal of seaside living. But it's also important to recognise the diversity of these communities – while some are thriving, others face real challenges linked to housing affordability, seasonal economies and access to services.' Here are the 10 cheapest locations for a home by the sea in Scotland. 1 . Campbeltown With an average property price of £103,078, Campbeltown is Scotland's cheapest coastal town. Down 11% in the last year, it is located on the scenic Kintyre Peninsula, and was once known as the whisky capital of the world with access to Islay, Jura and Arran. | Alexander Nikiforov / Adobe Stock Photo Sales 2 . Rothesay In second is Rothesay with an average property price of £111,764, which makes it among Scotland's cheapest coastal towns. Located on the Isle of Bute, the town can be reached by ferry. | Adobe Stock Photo Sales 3 . Millport Millport, the only town on the island Great Cumbrae, is also among the cheapest places to buy property along Scotland's coast. With an average price of £114,008 per home, the island is nestled within the Firth of Clyde in the North Ayrshire council area. | Adobe Stock Photo Sales 4 . Port Bannatyne Another west coast island community, Port Bannatyne is also on the Isle of Bute with property which costs an average of £115,421. | Ian Woolcock / Adobe Stock Photo Sales
Scotsman
26-05-2025
- Business
- Scotsman
The 10 most expensive coastal towns in Scotland for buying property, revealed
St Andrews has been confirmed as the most expensive place to buy coastal property in Scotland, according to a new report. For a second year, St Andrews has been named the most expensive coastal town to buy property in Scotland. | Adobe Stock / Canva Pro / Getty Images The Bank of Scotland Coastal Homes Review, which tracks house price movements in coastal locations around the UK, found that an average home in the historic Fife town will set buyers back £458,381 – up 8% in the past year. It is the second year in a row that St Andrews has been named as Scotland's most expensive coastal town, followed by North Berwick and Dunbar. In the last year, the housing market for coastal locations in Scotland was worth £1.9 billion; up 4% from the year prior. In addition, the report found that over the last five years prices in Scottish coastal towns were up 25%, outperforming the British average of 18%. Isla Benzie, Head of Bank of Scotland Mortgages, said: 'Scotland's coastline offers something for everyone – from the historic streets of St Andrews to the island charm of Rothesay and Millport. 'While some of the most sought-after locations continue to command premium prices, there are still plenty of affordable options for buyers willing to look beyond the traditional hotspots. 'Coastal property prices in Scotland have risen over the past year, reflecting strong demand and the enduring appeal of seaside living. But it's also important to recognise the diversity of these communities – while some are thriving, others face real challenges linked to housing affordability, seasonal economies and access to services.' Here are the 10 most expensive locations for a home by the sea in Scotland. 1 . St Andrews The most expensive coastal town in Scotland is St Andrews, with an average property price of £458,381. Up 8% in the last year, the historic Fife is known as the home of golf. | Adobe Stock Photo Sales 2 . North Berwick Recently also ranked as the best place to live in Scotland, North Berwick is also the country's second most expensive coastal town. Around 20 miles from Edinburgh, the average property price in the town is £419,723. | Adobe Stock Photo Sales 3 . Dunbar In third is Dunbar, East Lothian. With cliffs and coastal trails, the town is around 30 miles from the Scottish-English border with an average property price of £292,073. | Adobe Stock Photo Sales 4 . Anstruther Perhaps best known for its award-winning fish and chips, Anstruther in the East Neuk of Fife has seen the biggest increase in property price over the last five years with homes now costing an average of £267,367. | Adobe Stock Photo Sales
Scotsman
26-05-2025
- Business
- Scotsman
Scotland's most expensive and cheapest coastal towns revealed
The average home in the historic Fife town now costs £458,381 Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... St Andrews has been named Scotland's most expensive coastal location for buying a home, according to new research. Getty Images The average home in the historic Fife town now costs £458,381 – up 8 per cent in the past year, according to Bank of Scotland statistics for 2024. North Berwick in East Lothian came in second place, with the average price for homes coming in at £419,723. Advertisement Hide Ad Advertisement Hide Ad In third place was Dunbar, East Lothian, with its cliffs and coastal trails making it a desirable place for budding home-owners at an average of £292,073. Homes in Gourock, Inverclyde, experienced the biggest spike in price over 2024, with average prices increasing by 24 per cent to £175,660. In the last five years, the bank says prices in Scottish coastal towns increased by 25 per cent, compared with the UK's overall average rise of 18 per cent. Anstruther, Fife, increased by £91,294, or 52 per cent, over a five-year period – the largest in Scotland over the same time period. Advertisement Hide Ad Advertisement Hide Ad Inverness recorded the highest combined value of coastal home purchases in Scotland over the last year, with deals totalling almost £195 million. This was followed by Ayr (£179 million) and Musselburgh (£93 million). Swimmers and sunbathers enjoy the hot weather at Gourock Outdoor Pool | PA Overall, the housing market for coastal locations in Scotland was worth around £1.9 billion last year, up around 4% from the previous year. Ayr saw the biggest number of transactions (963), followed by Inverness (915) and Greenock (626). Coastal towns in Scotland are generally cheaper that their land-locked counterparts, with the 10 cheapest spots located here. Campbeltown, Argyll and Bute, scored as the cheapest coastal town in Scotland, with the average housing price at £103,078, down 11 per cent when compared with 2023. Rothesay (£111,764), Millport (£114,008) and Port Bannatyne (£115,421) closely followed. Advertisement Hide Ad Advertisement Hide Ad Isla Benzie, head of Bank of Scotland mortgages, said: 'Scotland's coastline offers something for everyone – from the historic streets of St Andrews to the island charm of Rothesay and Millport. 'While some of the most sought-after locations continue to command premium prices, there are still plenty of affordable options for buyers willing to look beyond the traditional hotspots. 'Coastal property prices in Scotland have risen over the past year, reflecting strong demand and the enduring appeal of seaside living. 'But it's also important to recognise the diversity of these communities – while some are thriving, others face real challenges linked to housing affordability, seasonal economies and access to services.' Advertisement Hide Ad Advertisement Hide Ad Meanwhile, Sandbanks in Dorset has been identified as Britain's most expensive seaside location. Home buyers wanting to move to Sandbanks will not get much change from £1 million typically, with the average house price sitting at £965,708 last year, according to Lloyds. The bank said while the average house price in Sandbanks has fallen by 3 per cent, or £33,595, compared with 2023, it still sits at the top of its coastal property league, which is dominated by locations in the South West of England. Sandbanks is known as a popular location for celebrities, with it array of upscale restaurants and glitzy nightlife. Advertisement Hide Ad Advertisement Hide Ad Salcombe in Devon, with its galleries and boutiques, is second on the Lloyds list, with an average house price of £826,159 in 2024.
The National
26-05-2025
- Business
- The National
This is the most expensive coastal location to live in Scotland
ST ANDREWS has been revealed as the most expensive coastal location to live in Scotland, according to new data by the Bank of Scotland. The Fife town remains in top spot, with an 8% increase in home prices in the area over the past year, making the average price now £458,381. North Berwick follows St. Andrews with a price tag of £419,723 on average and Dunbar is in third place with £292,073. The cost of Scottish homes on the coast are up 2% from last year, with the overall average being £187,727. Scotland also possesses the most affordable coastal homes in Britain, with the top 10 located north of the border. The average price in Campbeltown, which was once crowned the whisky capital of the world is down 11% in the past year, taking the price to £103,078. READ MORE: 5 lost Gaelic words and phrases rediscovered in Scotland The next three spots are occupied by Scotland's West coast dwellings, Rothesay (£111,764), Millport (£114,008), and Port Bannatyne (£115,421). Gourock on the Clyde coast saw the largest growth margin in 2024, with prices increasing by 24% to £175,660. Montrose follows the next largest jump in price, with £148,638 on average. The next three locations saw just half the increase of Gourock: Banff (£146,996), Peterhead (£147,859), and Saltcoats (£129,194). Isla Benzie, head of Bank of Scotland Mortgages said: 'Scotland's coastline offers something for everyone – from the historic streets of St Andrews to the island charm of Rothesay and Millport. "While some of the most sought-after locations continue to command premium prices, there are still plenty of affordable options for buyers willing to look beyond the traditional hotspots." Benzie also said: 'Coastal property prices in Scotland have risen over the past year, reflecting strong demand and the enduring appeal of seaside living. "But it's also important to recognise the diversity of these communities – while some are thriving, others face real challenges linked to housing affordability, seasonal economies and access to services.'
Daily Record
26-05-2025
- Business
- Daily Record
Scotland's most expensive coastal town for buying a home revealed
The average home in St Andrews now costs £458,381 , a rise of 8% in the past year, according to Bank of Scotland statistics for 2024. St Andrews has been crowned as Scotland's priciest seaside town for property purchases, according to recent research. Bank of Scotland data for 2024 reveals that the average house price in the historic Fife town now stands at £458,381. This is a rise of 8% over the past year. Elsewhere, North Berwick in East Lothian clinched the second spot, with homes averaging at £419,723. Dunbar, also in East Lothian, secured third place. Its cliffs and coastal trails make it an attractive prospect for potential homeowners, with an average house price of £292,073. Gourock, Inverclyde, saw the most significant surge in price over 2024, with average prices rocketing by 24% to £175,660. Over the last five years, the bank reports a 25% increase in prices in Scottish coastal towns, compared to the UK's overall average rise of 18%. Anstruther, Fife, witnessed a staggering increase of £91,294, or 52%, over a five-year period, the largest in Scotland over the same timeframe. Inverness recorded the highest total value of coastal home sales in Scotland over the last year, with transactions amounting to nearly £195 million. This was followed by Ayr (£179 million) and Musselburgh (£93 million). Overall, Scotland's coastal housing market was valued at approximately £1.9 billion last year, marking a 4% increase from the previous year. Ayr recorded the highest number of transactions (963), followed by Inverness (915) and Greenock (626). Scotland's coastal towns tend to be more affordable than their inland counterparts, with the top 10 most budget-friendly spots located along the coast. Campbeltown in Argyll and Bute takes the title of Scotland's most affordable coastal town, boasting an average housing price of £103,078, an 11% decrease compared to 2023. Hot behind are both Rothesay (£111,764), Millport (£114,008), and Port Bannatyne (£115,421). Isla Benzie, head of Bank of Scotland mortgages, commented: "Scotland's coastline offers something for everyone – from the historic streets of St Andrews to the island charm of Rothesay and Millport. "While some of the most sought-after locations continue to command premium prices, there are still plenty of affordable options for buyers willing to look beyond the traditional hotspots. "Coastal property prices in Scotland have risen over the past year, reflecting strong demand and the enduring appeal of seaside living. "However, it's also crucial to acknowledge the diversity of these communities - while some are thriving, others face significant challenges related to housing affordability, seasonal economies, and access to services."
