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Saturday, 17th May 2008

Great Dobbies offer with Scotland on Sunday

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£1m property sales figures soar



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The number of properties in Scotland selling for at least £1 million more than doubled last year, new figures reveal.
Sales of the exclusive homes soared by 138% to 343 in 2007, according to the Bank of Scotland research.

The million-pound property market north of the border grew faster than anywhere else in Britain last year, with only the North East of England
enjoying a similar boost.

Scottish properties costing at least £2 million also saw a surge in sales last year, with a nine-fold increase on the previous year.

Edinburgh remained the hotspot for top end sales, accounting for 43% of all Scottish million-pound property sales in 2007.

Buyers in the capital snapped up 148 properties for that price last year.

Edinburgh also saw the second-highest number of £1 million property sales in Great Britain outside London.

David Marshall, Business Analyst at the Edinburgh Solicitors Property Centre, said that buyers from England were boosting the market.

He said: "Edinburgh is currently quite an attractive option for investors particularly from south of the border who are looking for a property at the top end.

"Compared to a city like London, what one gets for one's money is often significantly greater here. Demand for these properties does outstrip supply which is why you see these prices being achieved quite regularly."



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  • Last Updated: 11 May 2008 2:29 PM
  • Source: Press Association
  • Location: The Press Association Newsdesk
 
 
  

 
 


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