The Bank of Scotland House Price Per Square Metre Survey has revealed that Edinburgh has an average house price per square metre of £2,492. 

The Scottish capital was the only town in Scotland to have an average house price per square metre value higher than the British average of £2,260.

The research also showed that there had been a substantial rise in property prices per square metre between southern England and the rest of Britain over the past 20 years.

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Greater London has seen house prices per square metre surge by 402%, in Edinburgh it has tripled (208%), while across the whole of Scotland it has increased by 147%. 

Aberdeen was the second most expensive area in Scotland at £2,029  per m2, with Inverurie third (£1,884 per m2). 

Seven areas have an average price higher than the Scottish average of £1,592 per m2.

Graham Blair, mortgages director of the Bank of Scotland, said: "House price per square metre can be a useful measure for house price comparison as it helps to adjust for differences in the size and type of properties between locations.

“Edinburgh and the east coast are more expensive than western and central areas, however, we can see a number of notable pockets emerging in the Highlands. 

“There is a clear gap between southern England, particularly London, and the rest of Britain over the past 20 years – a trend that has continued during the last five years.”