Investment Property News - Bueno Investments Limited

A coastal town in Ayrshire has seen the cost of homes rise faster than anywhere in Scotland, figures have shown.

House prices per square metre in Irvine more than doubled in the last five years, shooting up by 140%.

The Bank of Scotland’s House Price per Square Metre Survey showed that in 2007, an average of £1,280 per sq metre was needed to secure a property in the town, compared to just £534 per sq metre in 2002.

A Bank of Scotland spokesman said: "It's seen by many Scots as a very attractive place to live, as it is in a picturesque part of Ayrshire and has improving commuting links to Glasgow, Kilmarnock and the rest of the central belt.

"It means it's attractive to young professionals and growing families who are maybe priced out of other parts of the housing market."

But prices in Irvine remain far below those in the Scottish capital, with Edinburgh the most expensive place in Scotland at £2,448 per sq metre.

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http://www.buenoinvestments.com/uk_property_investment.php (UK property)

http://www.bankofscotland.co.uk/ (Bank of Scotland)