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.”
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.
9. EH39 - North Berwick
North Berwick comes in at no.9 in the most expensive postcodes. Photo: Paris Steele Property
10. G77 - Newton Mearns
Back to the Glasgow postcodes, the mean streets of Newton Mearns come in as the 10th most expensive street in Scotland, and the second most expensive with a G postcode.
11. G46 - Giffnock and Thornliebank
G46 taking in the lands south of Shawlands into East Renfrewshire is the 11th most expensive postcode in Scotland and the third most expensive with a G postcode!
12. G61 - Bearsden
Taking in the lands North West of Glasgow, there's G61, which is the 12th most expensive postcode in Scotland, and the fourth in Glasgow.