Scotland sees record number of homes sell for more than £1mn, despite Edinburgh slowdown

After a subdued 2023, Hamptons expects the supply of homes available to buy to improve this year, although 'confidence could still be vulnerable to economic shocks and global events'.

'The scale of this year’s Boxing Day bounce is an early positive sign at the start of the year that buyers and sellers are out there and taking action,' says property portal.

17,590 properties have sold for more than £1mn in the capital so far this year - which is 21% of all resi transactions.