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Scotland's most expensive postcodes are in Edinburgh and Aberdeen, according to official figures.

The two cities accounted for most of the 92 properties sold for more £1m in the first nine months of the year.

Registers of Scotland (RoS) found 51 of these had an Edinburgh postcode, while 21 were sold in Aberdeen.

The New Town in Edinburgh saw the highest number of high-value properties changing hands, with nine sales ranging between £1m and £1.8m in EH3.

The next three most expensive postcodes were all in the south-west of Aberdeen, covering areas such as Cults, Rubislaw and Milltimber.

Sixteen

There are a number of advantages to selling your property at auction - the speed of sale being the main attraction with the whole process taking around 6 weeks, plus the reassurance that when the hammer falls your property is sold.

Selling at auction also attracts a wide range of potential buyers - not only will there be people who want to make it their home, there'll also be investors, developers and property dealers interested in buying. An auction doesn't have to be the last resort, it could prove to be the best method for selling your property.

To find out a bit more detail, check out our

Selling property at auction can be an option. If you are considering selling up and want to know how much your property might be worth at auction, why not send us a few details and one of our auctioneers will give you a ring, to chat further about your requirements.

Don't be daunted! Selling a property by auction is easier than many people think, and the prices that we achieve are usually higher than expected too.  Our auctioneers can answer all your questions, advise how the auction process works, confirm the fees, and arrange a free valuation of your property to see whether the possibility

A three bedroom house in Middlesbrough that went on the market for just £1 has been sold for nearly 20,000 times the original price.

The house in South Terrace, Newcastle, has an uninviting exterior, with smashed in windows and a garden filled with junk and weeds, but it sold this week at auction for £19,125.

It was billed by Agents Property Auction as “in need of a full refurbishment and modernisation,” but that once it had been seen to it “should generate income in the region of £4,440 per annum”.

The property agents expected the house to appeal to a property developer and buy-to-let

After months of property hunting, Jennifer Lopez has finally settled her gaze on a beautiful multi-million dollar penthouse in New York. The Bronx-born singer chose the luxurious borough of downtown Manhattan as her plush new nest.

The 'bachelorette pad' in the star-studded building is set over 6,500 square-feet of indoor and 3,000 square-feet of outdoor space.

The Booty hit-maker has bought a four-bedroom apartment in a building which also houses stars such as Chelsea Clinton and NASCAR racing driver Jeff Gordon, sources have told the New York Daily News newspaper.

The apartment also

A record 33 sales of homes worth at least £1 million took place in Britain every day typically during the first half of this year, research from Lloyds Bank has revealed. It shows that more million pound properties exchanged hands in St Albans in Hertfordshire in the first half of 2014 than in the whole of Scotland.

Lloyds found that 6,143 transactions involving million pound homes took place during the first six months of 2014 as the housing market recovery took off, which is a 46% uplift compared with the first half of 2013.

The findings across Britain equate to 33 million pound transactions

If you are considering selling up and want to know how much your property might be worth at auction, why not send us a few details and one of our auctioneers will give you a ring, to chat further about your requirements.

Don't be daunted! Selling a property by auction is easier than many people think, and the prices that we achieve are usually higher than expected too.  Our auctioneers can answer all your questions, advise how the auction process works, confirm the fees, and arrange a free valuation of your property to see whether the possibility of selling via auction, is right for you.

If

According to the latest Land Registry house price index, the average property across England and Wales fell 0.2 per cent from £177,824 in August to £177,299 last month, well short of the peak of £181,324 in November 2007. This is the first monthly dip recorded since March 2014, when prices fell 0.1 per cent.

London prices also fell between August and September, dropping 0.7 per cent to an average of £460,521. However, like England and Wales, London prices were up year-on-year in September and stood 18.4 per cent higher than the average of £388,954 in September 2013.

Annual house price

Reported in today's Telegraph and across the globe, was the probably unsurprising news that London property has overtaken Hong Kong when it comes to high end, new build, house prices.

The cost of a new build home situated in the  UK's capital, has risen by 16% over the last year, according to a report by property group, CBRE. The index has Hong Kong and New York in second and third place, with prime property costing £1,950 and £1,800 respectively.

Jennet Siebritis, head of residential research at CBRE, cites the intense supply and demand imbalance in London as the main factor driving up prices

House prices in Cambridge have risen more than any other British town or city over the past seven years. They are now a third higher than their previous peak in 2007 and have increased by an average of £53,000 over the past year alone.

The university city is one of eight locations where prices have surpassed their previous record highs, analysis by property firm Hometrack has found. All are in the south of England except Aberdeen, where prices have been driven up by the booming oil industry.

At the other end of the scale, homes in Belfast are still fetching only half the amount they did before