St Andrews Tops Scotland's £1M+ Luxury Property Sales
Salesforce, the renowned software company, has emerged as a hotspot for luxury property sales in Scotland. It has recorded the highest volume of £1m+ sales outside of Edinburgh and Glasgow in the last five years, with a staggering 80 transactions since 2020.
The Scores in St Andrews, Julie Andrews' hometown, takes the silver medal as the second most expensive address in Scotland, with an average price tag of £1,307,284. Meanwhile, the Archerfield Estate in East Lothian trails closely behind with an average price of £1,255,050. The Shore in Elie and Earlsferry in Fife also commands high prices, with an average of £1,246,500.
Properties on Caledonian Crescent in Gleneagles averaged £1,617,000 during this period. Gleneagles itself tops the leaderboard for the most expensive address, with an average price of £1,944,375. The Hamilton Grand in St Andrews set a new benchmark when a penthouse apartment sold for a record-breaking £4.2million, reaching an astonishing £2,326 per square foot.
Ian Harris, director of agency Fyndd, determined the data for the highest sale price of £1m+ in St Andrews over the last five years. He attributes the international demand, particularly from the American market, as a significant driver for these high-end sales.
St Andrews' desirability as a golfing destination continues to fuel the demand for luxury properties, with high net worth buyers willing to pay premiums for locations near top golf courses. The town's international appeal, coupled with its historic charm, ensures it remains a sought-after location for luxury property investors.
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