Edinburgh street tops list of most expensive addresses
- 28 December 2012
- From the section Scotland business
Dick Place in the Grange area of Edinburgh has been named the most expensive street in Scotland for the second year in a row.
Bank of Scotland research found the average price of a property there over the past five years was nearly £1.7m.
The capital accounted for half of the 20 most expensive streets.
However, the second costliest was Rubislaw Den South in Aberdeen, where the average price was recorded at nearly £1.5m.
The figures were based on a breakdown of sales lodged with the Registers of Scotland.
Some of the other most expensive streets in Edinburgh were Ann Street, with an average property price of just over £1.2m, Hillpark Grove (£967,000) and Barnton Avenue West (£937,000).
Five of Scotland's top 20 addresses were in the EH3 and EH4 postal districts, including the New Town area and the West End, which contains the financial district.
The most expensive streets in the Glasgow area were Park Drive in Thorntonhall (£923,000) and Burnside Road (£903,000).
Outside Scotland's three major cities, the most expensive homes were on Mar Hall Avenue in Bishopton in Renfrewshire (£929,000) and Belleisle Drive in Ayr (£823,000).
Bank of Scotland economist Nitesh Patel said: "Scotland's most expensive residential streets are concentrated around the cities of Edinburgh, Glasgow and Aberdeen.
"Half of Scotland's most desirable addresses are in the capital, which has a mixture of classical architecture in the Old Town and Georgian buildings of the New Town, alongside modern developments in central locations."