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Insider UK
Insider UK
Business
Peter A Walker

Record year for Scotland's £1 million-plus property market

Scotland’s top-end market witnessed an "extraordinary period" in 2022, with a record 491 residential transactions at £1m and above.

The latest figures from property services firm Savills revealed that these included the highest price ever paid for a residential property in Scotland - Seton Castle in East Lothian - for offers over £8m.

With a rebalancing towards urban locations, Scotland’s largest cities dominated 2022, led by Edinburgh, which witnessed a record 287 transactions.

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