Navigating Inverness: A Guide for Property Investors and Business Entrepreneurs in the Tourism Sector.
Photo by Lewis McCracken on Unsplash
This blog post provides a brief guide for property investors and business entrepreneurs looking to capitalise on Inverness‘s appeal to tourists.
Inverness is the retail, commercial and administrative centre for the Highlands and Islands and is often referred to as the “Capital of the Highlands.” The city benefits from 7.5 million annual visitors from all over the world and is considered one of Europe’s fastest growing cities. Considered a great destination for nature lovers, popular tourist attractions include Loch Ness and the Isle of Skye.
The entire Highlands region has a growing economy focused on tourism, renewable energy and technology and property prices in Inverness are generally lower than in larger Scottish cities.
Identifying areas for property investments catering to tourists in Inverness involves considering factors such as proximity to popular attractions, accessibility, and the overall tourism infrastructure.
The heart of Inverness is a natural choice for accommodation and retail investments. Inverness city centre is compact but lively. Being close to shops, restaurants, and cultural attractions, the city centre is convenient for tourists seeking a central location.
The Eastgate Shopping Centre is a hub for retail and entertainment. Investing in properties nearby can cater to tourists interested in shopping and leisure activities.
Properties along the River Ness, with views of the castle and the picturesque Ness Islands, can be attractive to tourists. Waterfront locations often command premium prices, making them potentially lucrative for investors.
The Caledonian Canal and Marina offer a scenic setting. Investing in properties along the canal may attract those seeking a peaceful yet central location. For instance, Dalneigh is an area to the west of the city centre situated between the River Ness and the Caledonian Canal which has many restaurants and cafes.
Inverness has a rich history. Renovating historic buildings for tourist accommodation is a trend seen in many popular destinations. Properties in the vicinity of Inverness Castle could be particularly appealing, as the castle is a key landmark and draws significant tourist attention. Hotels, guesthouses, and short-term rentals in this area can benefit from its historical significance.
The Highlands has many courses, including Castle Stuart in Inverness which may present opportunities for upscale accommodation and amenities targeting golf enthusiasts.
Areas near Inverness Airport can be strategic for short-term accommodations targeting tourists arriving by air. Business travellers and tourists may seek convenient stays close to the airport.
For those looking beyond the city, investing in properties near nature reserves or scenic rural areas offers a different appeal. Cabins, lodges, or holiday rentals with natural surroundings can attract tourists seeking a peaceful getaway.
This guide has navigated through strategic investment opportunities in Inverness. Additionally, it underscores the potential in catering to specific interests, such as golf enthusiasts or those seeking nature retreats, presenting investors with a diverse range of prospects.
For those eager to explore these opportunities, take the next step by searching for prime properties in Inverness and further afield in Scotland by using NovaLoca.
