SCOTLAND & NORTHERN ENGLAND
Scotland’s expansive, dramatic landscape has proven the perfect staycation destination this year, while England’s northern regions such as Yorkshire have long held romantic appeal, all contributing to strong market growth
LOCAL INSIGHT
Edward Douglas-Home
Scotland regional head
2020 has been the year of people reviewing where they live and see their future, and we have consequently experienced unprecedented demand for homes in Scotland and the North of England. Whether people are looking for an escape to the stunning countryside of the North or are looking to move to the attractive towns and cities of Edinburgh and Harrogate, this part of the world certainly seems to be of increasing interest to buyers. A mass change in lifestyle around the country has led to a greater appreciation of Scotland’s and the North of England’s open spaces and greenery, and since restrictions eased, we’ve had a record number of viewings, offers and instructions. We’ve also seen the strongest growth in rural property values in more than five years.
Offers accepted for property above £2m increased by 57% (2020 vs 2019)
Average age of buyers in Scotland & North England in 2020 (£2m+)
The average size of a property sold by Knight Frank in this region above £1 million, is 4,074 square foot (2020).
Average age of buyers in the Central Region in 2020 (£2m+)
88%
88% of buyers in Scotland & North England region work in professional services (£2m+)
Scotland & the north of England have 44 Michelin star/Bib gourmand restaurants
1.8
Million
The average price of property sold by Knight Frank in this region above £1 million, in 2020.
Data provided by Chris Druce, Senior Analyst, Residential Research
