The million pound home

June 16, 2013 at 8:32 AM

To confirm what we already knew, Scotland is the place to live! Think good jobs, spectacular landscapes, world known schools and universities and a great quality of life and it becomes clear why the country - and in Edinburgh in particular - attracts high flyers.

Here's the proof: in 2012 in Scotland, million pound property sales increased by 14%, according to Bank of Scotland and a 1/3 of all Scottish million pound property sales were in... Edinburgh. In Edinburgh in 2012, 50 homes were sold for at least one million pounds, followed by Aberdeen (19) and South Lanarkshire (9).

“Scotland outperformed the rest of the Britain on million pound property sales with an increase of 14% compared to just 2% nationally,” said Nitesh Patel, Bank of Scotland Housing Economist. “While we see an 18% drop in the number of Edinburgh properties sold, the city of Aberdeen saw a very solid 46% increase over the year.  Strong demand from wealthy cash rich buyers, particularly those associated with the oil industry, as well as limited supply has support this segment of the market.”

So, save up the pennies but then, you don't have to be a millionaire to live in Scotland, landscape is free and folks here have a warm heart. That's something money can't buy.

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