Scottish property firm Rettie & Co have shared their statistics on the most expensive properties across Scotland in 2024 as they divulge that there's a new annual high of over £1 million house sales in Scotland.
In 2023 there was 506 house sales in the £1 million+ range, compared to 504 sales in 2022. Edinburgh is at the top of house sales overall - accounting for 50 per cent of sales. This year however, Glasgow and the West of Scotland have seen higher sales than usual - with 134 £1m+ homes sold in the West, making up 26 per cent of all sales, up by 39 sales from 2022.
Simon Rettie, Managing Director, Rettie & Co said: “Most of the growth in the £1 million plus market has been in Glasgow and the West, while sales in Edinburgh have fallen back by nearly 20 per cent.
"This has been due to a combination of higher interest rates and buyer confidence, particularly in the super-prime market which we classify as houses over £2 million. St Andrews and East Lothian continue to outperform the market with an increasing number of sales over £1m. For 2024, we forecast a gradual improvement in both buyer confidence and the rate of prime sales aligned with a drop in interest rates.”
5. EH12 - Costorphine and West of Edinburgh
The fifth most expensive post code in Scotland is EH12 - which encapsulates much of Edinburgh west of Haymarket - all the way out to Edinburgh Airport. | Savilles
6. KY16 - St Andrews
Taking in St Andrews and the nearby village of Leuchars - KY16 is the only Fife postcode in the top 12 most expensive postcodes in Scotland. | AFP via Getty Images
7. G12 - Hillhead & Hyndland
The most expensive post code in Glasgow and the seventh in Scotland is G12, taking in much of Hillhead and Hyndland. Expect larger than life blonde sandstone tenements in perfect conditions alongside some stately detached homes. | Corus
8. EH13 - Colinton and South West Edinburgh
Back to Edinburgh for the eighth most expensive postcode, EH13, right at the foot of the Pentland Hills. | Contributed