Monday, 28 April 2014
Shetland, north east of mainland Scotland, was in the news today because property prices there have risen faster than anywhere else in the UK, up 104% in the last 10 years. It has happened because of rising employment in the gas and oil industries again. BP has created new jobs at Sullom Voe, Total is building a new gas plant, there will be a new power station at Lerwick. The fishing industry though, is still worth more than the oil and gas.
In spite of all this, houses in Shetland average less than half of London prices.
Maps on Monday.