Scotland’s Prime Property Market has proven its resilience, despite a national lockdown, according to recent research released by Savills which showcased the nation’s exceptional performance over a 12-month period. Helping to lead this boom is Hamilton Grand, a unique collection of 26 luxury private residences situated on the 18th hole of The Old Course, which had a landmark year and sold a selection of its final remaining apartments. Some sales were even being secured via virtual viewings – a true testament to the exceptional quality of the homes, their unrivalled heritage and prime location in the home of golf.
These sales are indicative of an exceptional year for the Scottish property market, which was primarily driven by buyer’s evolving needs – lockdown has fuelled prospective buyers to opt for properties with ample working from home space and direct access to nature. Hamilton Grand is perfectly positioned to meet these demands thanks to its spacious homes and prime location on the world-famous Old Course, overlooking the North Sea.
Furthermore, research from Savills, highlighted that despite an overall drop of sales across 2020 – due to the closure of the property market until the end of June – there was a phenomenal 28% increase of agreed sales for residential properties priced £1 million and above between July and December 2020 versus the same period in the previous year*.
During the past year, Savills saw the Hamilton Grand’s apartments sell for an impressive £1,500 per square foot, which was on a par with the London property market. Further research by Savills also indicates that the Scottish prime property market is set to overtake the UK prime property market over the next five years, meaning top-end homes such as Hamilton Grand will only increase in value.
Jamie MacNab, Head of Edinburgh Country Houses at Savills comments: ‘2020 was one of the busiest years ever in the Scottish country and provincial town markets. St Andrews has always been a highly desirable location and was more so than ever last year. There is intense demand for properties in the town from people throughout Scotland, the UK and abroad.”
With a low population of just 16,800, and within easy driving distance of the Cairngorms, St Andrews fits into this trend for space and nature, which shows no sign of abating in 2021. Residents enjoy proximity to Scotland’s incredible national parks, while still benefitting from excellent transport links to hubs such as Glasgow and Edinburgh. Hamilton Grand fulfils buyer’s increased desire to focus on their health and wellbeing too: residents have complimentary membership to the nearby Old Course Hotel’s Kohler Waters Spa, with facilities that include a 20-metre swimming pool and a rooftop hot tub. Priority dining at the neighbouring Old Course Hotel’s 3 AA rosette restaurant, valet parking, private chefs, full housekeeping services on request and a 24-hour butler service, which ensures they enjoy the highest quality of town living.
Demand for apartments is expected to increase over the coming months with the upcoming Alfred Dunhill Links Championships taking place on 30th September 2021, and The 150th Open in 2022 on the horizon.
For further information please visit www.hamiltongrand.co.uk