Scotland sees increase in million pound homes

The number of Scottish homes for sale over the million pound mark has risen from 75 in the year to June 2005, to 114 by June 2006, latest figures from the land registry have shown.

This is a 56% rise which is similar to that of 58% for England and Wales where million-pound properties are more common. Unlike the market in England which is experiencing a slight slowdown, property prices in Scotland are continuing to rise.

The most expensive sales which range from 1.5 million upwards were mainly in Edinburgh and its outskirts, in particular North Berwick and Gullane.