According to the estate agents, 506 houses in Scotland were sold for £1m-plus last year, up from 504 in 2022.
John Boyle, director of strategy and research at Rettie, highlighted the resilience of the £1m-plus segment of the Scottish housing market during what he described as a “difficult” 2023.
He said: “For the Scottish housing market as a whole, 2023 was a difficult year. However, the overall outcome was not as bad as some had initially feared at the end of 2022. In fact, the average house price was actually up 0.8% for 2023, although market transactions were down nearly 10%.”
“What is clear is that the prime £1 million-plus market withstood the market headwinds better than the overall market.”
Scroll through our photo gallery to see the top 10 postcodes in Scotland for £1m-plus property sales.
1. EH3 - Edinburgh
EH3 is now the top postcode district for £1m+ sales, with 46 sales recorded in 2023. This is the first time since 2020 that EH3, which includes the Edinburgh New Town and West End, has been the dominant postcode for £1m+ sales in Scotland. Photo: Google Street View
2. EH10 - Edinburgh
EH10 is the second top postcode district for £1m+ sales, with 43 sales recorded in 2023. Photo: Google Street View
3. EH9 - Edinburgh
EH9 is the third postcode district for £1m+ sales, with 37 sales recorded in 2023. Photo: Google Street View
4. EH4 - Edinburgh
EH4 is the fourth top postcode district for £1m+ sales, with 33 sales recorded in 2023. Photo: Google Street View