Edinburgh continues to rank among the UK’s most desirable cities, offering a rare mix of historic beauty and an exceptional quality of life.
With world-class universities, a thriving financial and tech sector and a global cultural reputation built around festivals, food and the arts, the Scottish capital remains a firm favourite with professionals, families and investors alike.
While Edinburgh property prices have risen steadily over recent years, a £1 million budget still opens the door to some truly impressive homes. From elegant new-build apartments to grand period conversions, here’s a snapshot of what that figure can buy you in February 2026.
Belford Road, £900,000
Stats:
- 2 bedrooms
- 2 bathrooms
- 1310 sq ft
- New build development
- Private outdoor space
- Parking
This contemporary apartment sits within a high-quality new development in a prime central location. Designed for modern city living, it features a generous open-plan kitchen and living area, floor-to-ceiling windows and sleek, neutral finishes throughout.
The development itself adds further appeal, with secure entry, lift access and thoughtfully designed communal spaces. Ideal for buyers seeking a turnkey home with minimal maintenance, this property offers the comfort and efficiency expected from a modern build while keeping you firmly in the heart of the city.
Gloucester Place, £975,000
Stats:
- 4 bedrooms
- 2 bathrooms
- 2709 sq ft
- Listed terrace
- Access to private garden for annual fee
- Amazing views
For those drawn to Edinburgh’s architectural heritage, this elegant New Town conversion delivers classic proportions and timeless appeal. High ceilings, large sash windows and ornate cornicing create a sense of grandeur rarely found in modern homes.
The layout offers flexibility, with multiple reception spaces that can be adapted for home working or entertaining. Set within one of Edinburgh’s most prestigious neighbourhoods, this property combines period charm with city convenience, with shops, restaurants and transport links within easy reach.
Corstorphine Road, £999,000
Stats:
- 3 bedrooms
- 3 bathrooms
- 1690 sq ft
- Purpose-built block
- Communal garden
- Allocated parking
This stylish apartment in Murrayfield offers luxury city living. The layout provides a strong sense of separation between living and sleeping spaces, making it ideal for families.
The open plan kitchen and living areas with attractive views is perfect for entertaining. This property really does combine lifestyle appeal with long-term value.
Smith’s Place, £1m
Stats:
- 10 bedrooms
- 6 bathrooms
- 4724 sq ft
- Development opportunity
- Approved plans for 6 separate apartments
- B-listed property
A stunning early 19th century Georgian building, beautiful now and set to be transformed into six apartments with full planning approval. Each apartment has been “carefully designed to offer space, refinement and the allure of contemporary living combined with the hallmarks of period architecture”.
What £1m Buys You in Edinburgh
Across the city, a £1 million budget typically delivers one or more of the following:
- Generous space
- Prime locations
- Architectural character
- Modern comforts
Compared with London, buyers often gain more square footage and architectural detail for the same spend, while still benefiting from strong demand and rental appeal.
A Note from Us
Edinburgh remains one of the UK’s most resilient and attractive property markets. Its combination of historic housing stock, limited supply and constant demand continues to support long-term value growth.
If you have a budget of £1 million, the city offers an enviable choice, whether you’re looking for a statement period home, a sleek new-build apartment, or a lifestyle-driven penthouse. And for buyers with slightly less to spend, there are still excellent opportunities just beyond the very centre.
