Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
 SECTION: BUSINESS NEWS OF THE UK
Search The Web:
DOMAIN NAMES
AS LOW AS $2.99 / YR.
Stately Homes No Longer Get Top Price
Wednesday, 09-Jul-2008 12:04AM United Press International
USTINET NEWS

 » Front Page

 » Top Stories

 » U.S.

 » World

 » Politics

 » Business

    Front Page

    Industires

    Labor & Unions

    World Econmony

 » Sports

 » Health

 » Tech/Science

 » Living/Entertainment

 » Off Beat Stories

 » News Photos

 » Weather


Special Editions

 » Iraq & Conflict

 » Israel/Palestine

 » Crimes & Laws


MultiMedia

 » Interactive Features

 » News Photos


POLL: Your Opinion

 » What Do You Think




EDINBURGH, Scotland, July 8 (UPI) -- Estate agents say in the current market even a stately Scottish home with history, scenery and shooting rights may not fetch what it would have a year ago.

SAVE MONEY ON TRAVEL DEALS

The owner of Islay House, built in 1677 for the Thane of Cawdor on the Hebridean island of Islay, has cut $1 million from his asking price, The Scotsman reports. Islay House with 24 bedrooms, a ballroom and 28 acres of grounds has spectacular views -- a whole village was leveled when it was built to ensure that -- and a history that is supposed to include a meeting of former Prime Minister Margaret Thatcher's war cabinet.

But the owner, Tom Friedrich, has dropped the price from 2.25 million pounds ($4.5 million) to 1.75 million pounds ($3.5 million), The Scotsman reported.

Jamie Macnab, director of country houses in the Edinburgh office of the British real estate firm Savills, said houses at the top of the scale are still selling at top prices. That means houses valued at $10 million and up.

- - - - - - - - - - - - - - - - - - - -
Related News Topics:

High-priority business news
Real estate and construction
Business news of the UK
News covering industry
News of other industries
News of Europe
Business news of the British Isles

 BREAKING STORIES

Britain set for drastic economy moves

Study: U.S. Web users tops in online use

Lloyds TSB shareholders approve merger

Britain prodded reluctant banks on rates

British banks to lower interest rates

British home price down 15 percent on year

Britain guarantees Icesave accounts

Lloyds to pass rate cut on to customers

Two key banks cut lending rates in Europe

PMI in Britain gains slightly in month

Union calls for merger details on jobs

Iceland slams Britain's use of terror law

Report: Brown to back Heathrow expansion

Banks in Britain fail to lower rates

BP profits jumped 148 percent in quarter

Banks seize homes over credit card debt

Automakers to cut production in Britain

British Prudential keeping its eye on AIG

Thousands fall into negative equity

Prices at pump catch prime minister's ire

Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
Home :: My Page :: My WebMail :: My Calendar :: My Portfolio :: Chat :: Help Center :: Sign In :: Sign Out

MY.USTI.NET PORTAL  -  © 1996 - 2004 USTINET CORPORATION. ALL RIGHTS RESERVED.
Please see our Privacy Policy, Security Guarantee, Terms of Use for additional information.