Scotland’s most expensive postcodes revealed

The New Town in Edinburgh and the south west of Aberdeen are home to Scotland’s most expensive postcodes, according to figures from Registers of Scotland (RoS).

The New Town in Edinburgh saw the highest number of high value properties changing hands, with nine sales ranging between £1m and £1.8m. Picture: TSPL

The report, based on sales over £1m between January and September this year, reveals the most affluent areas in Scotland.

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The New Town in Edinburgh saw the highest number of high value properties changing hands, with nine sales ranging between £1m and £1.8m.

The next three most expensive postcodes are all in the south west of Aberdeen, covering areas such as Cults, Rubislaw and Milltimber. Sixteen properties across three AB15 postcode sectors sold for between £1m and £2.2m.

The remaining six postcodes are also split between Edinburgh and Aberdeen with 18 properties selling for between £1m and £2m in Edinburgh and three properties selling in Aberdeen postal area AB13 for over £1m.

Hugh Welsh, head of data at RoS, finds the results not overly surprising. He said:

“It won’t come as a surprise to many that Scotland’s capital city and Aberdeen dominate the over-£1m property market. It’s interesting that Aberdeen’s most expensive properties are all within two postcode sectors, whereas Edinburgh’s are dotted across the city in areas like the New Town, Colinton and the Grange.

He was keen to point out that other areas did get a mention. He added:

“Of course, there are exceptions – within the same period this year, we’ve seen a house in Haddington sell for £3m, and another in St Andrews for £2.6m, but one-offs like these tend not to represent a collection of high-value properties in one area.”

In the first nine months of the year, 92 properties were sold for over £1m. Fifty-one of these had an Edinburgh postcode, while 21 were sold in Aberdeen. The remaining 20 properties were sold in areas across Scotland including Glasgow, Auchterarder and Bridge of Weir.

Compare this to the same period for last year when 71 properties over £1m changed hands with 45 taking place in Edinburgh, 10 in Aberdeen and 16 more occurred across the rest of Scotland.

SEE ALSO:

• South Glasgow has been revealed as the most ‘desirable’ postcode area in Scotland, according to a new study commissioned by Royal Mail

• Edinburgh has six of the top ten most expensive streets in Scotland, new research has revealed

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