Scotland Sees Fastest Growth In £1m Home Sales

Scotland delivered the fastest growth rate in million pound property sales in the UK over the past year according to a Halifax survey.

Million pound property sales have risen by 138% from 144 sales in 2006 to 343 in 2007.


Martin Ellis, the bank's chief economist, said: "Edinburgh continues to account for the significant majority of £1m sales."

28 million-pound homes were sold in Glasgow and there were 22 sales in Perth and Kinross.

At the other end of the scale, London recorded the slowest rate of growth (25%) despite recording the largest increase in the number sales of the past year, followed by the East of England (30%).

(GK/JM)