New research from Bank of Scotland reveals Edinburgh is the most expensive property location on a per square metre basis at £2,492 compared to the Scottish average of £1,529. Our capital is the only centre in Scotland to have an average house price per square metre higher than the British average of £2,260.
Bank of Scotland’s mortgages director, Graham Blair, reveals: “House price per square metre can be a useful measure for house price comparison as it helps to adjust for differences in the size and type of properties between locations. “Edinburgh and the east coast are more expensive than western and central areas, however we can see a number of notable pockets emerging in the Highlands.
There is a clear gap between southern England, particularly London, and the rest of Britain over the past 20 years – a trend that has continued during the last five years.” The bank’s top five towns per square inch in Scotland are: Edinburgh, Aberdeen, Inverurie, Dalkeith and Inverness, while the top five least expensive, are Wishaw, Glenrothes, Larkhall, Irvine and Airdrie.