REGIONAL INSIGHT
Edward Douglas-Home
Head of Scotland Residential
The last 12 months have seen continued demand for the best homes in Scotland and the North of England. The lack of available stock has meant more competition for prime property. The city markets, most notably Edinburgh, have seen prices continue to rise with flats becoming more popular again. Inevitably, the political and economic headwinds have moderated activity and buyers are beginning to act more cautiously when offering. However, the North continues to offer value, space and quality of life. With the ability to work from home now built in for many, we expect quality homes in rural and urban locations to continue to attract good interest as there remains a lot of unsatisfied demand in the market.
“The North continues to offer value, space and quality of life. We expect quality homes in rural and urban locations to continue to attract good interest”
Highest value sale in 12 months to October 2022
£4.7m
SQUARE FOOT
Average size of a property sold in 12 months to October 2022 (£2m+)
23
Michelin-starred restaurants
The prospective spend per head for buyers registered for £1m+ property in the region in the 12 months to October 2022.
£2.2m
Outstanding schools and nurseries
Average sale price, 12 months to October 2022 (£2m+)
Where do buyers come from? £2m+ exchanges year to October 2022
Scotland
London
International
North East
South West
12 months to October 2022 vs five-year average (£2m+)
RECENTLY SOLD IN SCOTLAND & NORTH ENGLAND
Here are some of our recent successes in the Scotland & North England market