Total value of Edinburgh property revealed

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The total value of Edinburgh property has been revealed in a new study.

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Edinburgh is sixth in the UK in terms of property value.

Edinburgh is sixth in the UK in terms of property value.

Property in the Capital is revealed to be £68.4 billion, with the total value ranking the Capital sixth in UK cities in terms of property value.

Zoopla made the findings after analysing property values in Britain’s 10 largest cities.

Glasgow had the second highest annual growth rate at 5.38% with Edinburgh being slightly behind at 4.04%

READ MORE: The cheapest properties for sale in Edinburgh just now

Lawrence Hall, a spokesman for Zoopla, said: “It comes as no surprise that London is significantly more valuable as a residential property market than any other British city.

“However, the data does show that, in comparison to cities further north and across the Scottish border, the rate of growth in London has slowed.”

Zoopla also looked at the pockets in each city where total property values are particularly high.

In Edinburgh these areas were the EH4 postcode including Dean Village and Comely Bank.

Here is the annual percentage growth in the value of homes, according to Zoopla, followed by the total value in January 2018:

1. London, 1.54%, £1.506 trillion

2. Bristol, 3.8%, £115.21 billion

3. Glasgow, 5.38% £90.75 billion

4. Birmingham, 4.08%, £81.66 billion

5. Manchester, 4.49%, £80.47 billion

6. Edinburgh, 4.04%, £68.27 billion

7. Nottingham, 3.69%, £66.13 billion

8. Reading, 2.37%, £60.55 billion

9. Leeds, 4.2%, £59.05 billion

10. Sheffield, 5.63%, £55.69 billion

And here are the most valuable areas in each of the top 10 cities and the annual percentage growth in their value, according to Zoopla (cities ranked in order of the total housing value in each city):

1. London, SW1, includes Belgravia, Pimlico, Westminster, 0.01%, £54.57 billion

2. Bristol, BS16, includes Downend, Emersons Green, Fishponds, 4.43%, £10.1 billion

3. Glasgow, G12, includes West End, Cleveden, Dowanhill, 7.18%, £4.27 billion

4. Birmingham, B13, includes Moseley, Billesley, 5.37%, £3.97 billion

5. Manchester, M20, includes Didsbury, Withington, 4.78%, £6.48 billion

6. Edinburgh EH4, includes Dean Village, Comely Bank, 5.09%, £8.61 billion

7. Nottingham, NG9, includes Beeston, Stapleford, Lenton Abbey, 5.31%, £6.93 billion

8. Reading, RG4, includes Caversham, Sonning, Sonning Common, 1.23%, £8.54 billion

9. Leeds, LS17, includes Alwoodley, Bardsey, East Keswick, Eccup, 5.63%, £6.46 billion

10. Sheffield, S10 includes Broomhill, Broomhall, Crookes, 5.39%, £5.68 billion