Dundee regeneration and ‘golden triangle’ boosts Fife property market

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Property sales in Fife boomed in 2018 thanks to the “golden triangle” of hotspots St Andrews and Edinburgh and the regeneration of Dundee.

That’s according to independent property consultancy Galbraith.

It has revealed that last year’s sales from its Cupar office were up 12% on 2017.

The number of market appraisals undertaken by the firm also rose by 13% year-on-year.

Meanwhile, the average price of Fife property sold by the firm was £436,000, up from £402,000 in 2017.

George Lorimer, a partner based in the Cupar office said: “Fife is perfectly sandwiched between Dundee, St Andrews and Edinburgh.

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George Lorimer

“The strong demand for property in these areas has extended throughout the whole region.”

He added that the opening of the V & A Dundee last year had captured national and international attention and created a “huge buzz”.

“People really want to live in Dundee and it is a thriving city that’s really on the up,” he said.

“I was born in Dundee and grew up here – it’s great to see all the changes and it is now a great place to live and work, offering a very high quality of life,” he said. 

At the other end of the kingdom, the opening of the £1.35 billion Queensferry Crossing has reduced commuting times to Edinburgh, making the area more appealing to house hunters.

“Property to the north of the Forth is very attractively priced when compared to the Edinburgh market,” said Mr Lorimer

“The East Neuk area, with its lovely traditional villages, is also perennially popular. Elie, Crail, Anstruther and Pittenweem all offer historic properties with attractive architecture, a great variety of restaurants, pubs, independent shops and popular beaches.

“The East Neuk is full of visitors in the summer, many of whom go on to purchase a holiday cottage in the region or make the move to live here permanently.”