Edinburgh most expensive city in Scotland: Research

Edinburgh most expensive city in Scotland: Research
03/08/2017 , by , in INTERNATIONAL

Edinburgh is Scotland’s most expensive city at £2,492 per square meter compared to the Scottish average of £1,529, new research has found.

Wishaw has the lowest average price per square meter while Dunfermline has recorded the biggest price increase since 2012, according to the research from the Bank of Scotland.

Edinburgh is the only town in Scotland to have an average house price per square metre higher than the British average of £2,260 and the report also shows that there has been a substantial rise in property prices per square metre between southern England and the rest of Britain over the past 20 years.

House prices per square metre have risen by 402% in Greater London and 208% in Edinburgh compared with the increase of 147% across the whole of Scotland.

In Edinburgh the price per square meter has which tripled, up by 208%, from £808 to £2,492 in the past 20 years. Aberdeen at £2,029 per square meter is the next most expensive area and then Inverurie £1,884. In total seven areas have an average price above the Scottish average of £1,529.

Wishaw in North Lanarkshire is the least expensive town with an average price at £1,027 per square meter, followed by Glenrothes in Fife at £1,065. Eight of the 10 towns with the lowest prices per square metre are either in central or western Scotland.

The average price per square metre across Scotland has increased by 147% over the past 20 years from £620 in 1997 to £1,529 in 2017. This however is much lower than the British average increase of 236%

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