St Andrews has become Scotland’s most expensive seaside location.
The Fife town has overtaken North Berwick as the most expensive place to buy a house, according to the Bank of Scotland.
The average house price in St Andrews is now £423,419, compared to £421,613 in North Berwick – which came top of the table in 2023.
Anstruther has been named the fourth most expensive Scottish seaside town, with an average house price of £285,160.
Meanwhile, the Bank of Scotland study has also found Burntisland experienced the second-highest average house price rise of any seaside town in Scotland over the last year.
House prices in the town have gone up by 18% on average since 2023.
The data also shows Anstruther has had the second-biggest rise in house prices over the last decade.
Prices in the East Neuk town have shot up 70% in just 10 years – from £167,386 to
£285,160.
Average house price in St Andrews is now £423,000
Over the same period, average prices in St Andrews have risen by 57%, from £270,181 to £423,419.
Graham Blair, mortgages director at Bank of Scotland, said: “Scotland’s stunning coastline and breathtaking scenery make it a wonderful place for many to call home.
“St Andrews is now the most expensive coastal location in Scotland.
“Well-known for its famous golf courses and home to the nation’s oldest university, average property prices in the area are now more than £423,000.”
Several eye-catching homes have hit the market in St Andrews in recent months.
Six apartments in the former Russell Hotel in St Andrews are on sale for a combined total of almost £9 million.
Meanwhile, a terraced home on one of the town’s most iconic streets has hit the market at offers over £1.1m.
And earlier this year an amazing clifftop home sold for £1 million just 48 hours after it was put on the market.
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