Capital sees rise in £1m homes

SCOTLAND’s capital has more streets boasting million pound properties than anywhere in the UK outside London, say researchers.

There are 22 streets in the city where the average property price is above the £1million mark, compared to two streets only five years ago, a study by housing website Rightmove shows.

Estate agent Andrew Riddell, senior associate director at Strutt & Parker Edinburgh, said the price surge has been driven by buyers seeking to move out of London to work from home, as well as the area’s high-performing schools.

He added: ‘Although we’ve seen the attractiveness of living within Edinburgh climb over the past few years, the ability to work from home has further increased demand.’

The most expensive street in Edinburgh is Hill Place, on the city’s South Side and a ten-minute walk from the University of Edinburgh, with average property values of £1,195,419.