Edinburgh Experiences Largest Price Rise
According to the Bank of Scotland, Edinburgh is the most expensive city in Scotland at £2,492 per square meter. Scotland’s average is currently at £1,529.
The lowest average price per square meter is Wishaw, whereas Dunfermline experienced the biggest price increase since 2012.
The UK average is £2,260, and it is worth noting Edinburgh is the only city in Scotland that is above this national average.
The Bank of Scotland study has shown property prices have substantially increased per square meter in UK over the past 20 years.
Within this time period, the Greater London average price per square meter has increased by 402%, while Edinburgh increase by 208%. Scotland increased by 147% as an average across the country.
In 20 years the Edinburgh price per square meter has tripled from £808 to £2,492. Second on the list is Aberdeen, at £2,029.
The most expensive areas in Scotland are Edinburgh and the east coast, with pockets in the Highlands also emerging.