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13/05/2008
Scotland Sees Fastest Growth In £1m Home Sales
Scotland delivered the fastest growth rate in million pound property sales in the UK over the past year according to a Halifax survey.
Million pound property sales have risen by 138% from 144 sales in 2006 to 343 in 2007.
Martin Ellis, the bank's chief economist, said: "Edinburgh continues to account for the significant majority of £1m sales."
28 million-pound homes were sold in Glasgow and there were 22 sales in Perth and Kinross.
At the other end of the scale, London recorded the slowest rate of growth (25%) despite recording the largest increase in the number sales of the past year, followed by the East of England (30%).
(GK/JM)
Million pound property sales have risen by 138% from 144 sales in 2006 to 343 in 2007.
Martin Ellis, the bank's chief economist, said: "Edinburgh continues to account for the significant majority of £1m sales."
28 million-pound homes were sold in Glasgow and there were 22 sales in Perth and Kinross.
At the other end of the scale, London recorded the slowest rate of growth (25%) despite recording the largest increase in the number sales of the past year, followed by the East of England (30%).
(GK/JM)
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