The market for Scottish estates cooled slightly in 2022, with fewer - but larger - estates put up for sale, although prices remain significantly higher than they were two years ago.
Strutt & Parker’s latest market review shows the number of transactions fell by 18% in 2022, with the gross cumulative sum spent on Scottish estates ending up at £188m, down from a record-breaking £247m in 2021.
Robert McCulloch, head of estates and farm agency for the firm in Scotland, says: “The estates market in 2022 did cool somewhat, compared with 2021 where we saw rapid and extraordinary growth, with investment in estates reaching record levels.
