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.
5. EH12 - Edinburgh
EH12 is the fifth top postcode district for £1m+ sales, with 32 sales recorded in 2023. Photo: Google Street View
6. KY16 - St Andrews
The KY16 market continues to be a strong performer as a £1m+ destination, with 21 sales in 2023. Photo: Google Street View
7. G12 - Glasgow
G12 is the sixth top postcode district for £1m+ sales, with 17 sales recorded in 2023. Photo: Google Street View
8. EH13 - Edinburgh
EH13 is the seventh top postcode district for £1m+ sales, with 16 sales recorded in 2023. Photo: Google Street View