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Overseas Investors Find Favour in Fife Property Market

Scotland has one of the highest rates of ‘long distance landlords’ and, according to leading legal, financial and property specialists Pagan Osborne, this trend is reflected in the Fife letting market.

Recent statistics from the Association of Residential Letting Agents shows the ratio for Scotland is 1 to 1.74 (landlords to properties in the private rented sector). London is the highest with twice as many properties than landlords in the city.

Over 20% of the properties Pagan Osborne manages on behalf of its clients in Fife live overseas in countries such as Australia, USA, Albania, Abu Dhabi to Jamaica.

Linda Black,

Fife Property Manager at Pagan Osborne, said:

“Many investors want to buy a property to let while they travel or are based around the globe, keeping a foothold in their hometown or country. People have all different reasons for doing this; it might be somewhere they plan to retire to, use for holidays or it may have been their home before they moved away and they don’t want to let it completely go.

“Also, in St Andrews in particular, we have the university which is home to students from all over the UK and indeed the globe.

“It is a lot of faith to put in an agent if you are trusting them with this significant, and often personal, investment from so far away and that is why we believe in providing our landlords with a premium service that ensures their property is being well looked after in their absence.”

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0131 624 6820 for Edinburgh or 01334 475001 for Fife to discuss your needs.

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Want to work with a local, friendly company? Then find your nearest Pagan Osborne office to you below. However, we also work with clients throughout the UK so you can call any of our numbers and our helpful reception staff will be happy to forward on your call to the most appropriate expert to suit your needs.

Edinburgh
Clarendon House
116 George Street
Edinburgh
EH2 4LH Call Us
Tel: 0131 624 6820
Fax: 0131 220 1612
2 Comiston Road
Morningside
Edinburgh
EH10 5QE Call Us
Tel: 0131 539 3333
Fax: 0131 538 7204
St Andrews
106 South Street
St Andrews
Fife
KY16 9QD Call Us
Tel: 01334 475001
Fax: 01334 476322
Cupar
12 St Catherine Street
Cupar
Fife
KY15 4HH Call Us
Tel: 01334 653777
Fax: 01334 655063
1 Crossgate
Cupar
Fife
KY15 5HA Call Us
Tel: 01334 656525
Fax: 01334 654119
Anstruther
Pagan Osborne
5a Shore Street
Anstruther
Fife
KY10 3EA Call Us
Tel: 01333 310703
Fax: 01333 311918

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