Client Affairs

Scottish Cities are Teeming with Millionaires—Report

Paul Das 2 September 2005

Scottish Cities are Teeming with Millionaires—Report

The Scottish cities of Edinburgh and Aberdeen have beaten London to the top of the latest Millionaire Neighbourhood Report, complied by mark...

The Scottish cities of Edinburgh and Aberdeen have beaten London to the top of the latest Millionaire Neighbourhood Report, complied by marketing and consumer intelligence specialist EuroDirect. London still dominates the chart however, with no less than nine locations featuring in the list of Top 20 postcode areas. EH4 in Edinburgh, which includes Blackhall and Barnton, tops the chart with 277 millionaires, closely followed by AB15 in Aberdeen where a further 240 of the financially elite reside (in areas such as Blacktop and Kingswells). London fights back however, with Hampstead (NW3) and Wimbledon (SW19) sitting in 3rd and 4th place, with 225 and 222 millionaires in residence respectively. In fact SL6 in Maidenhead is the only post area to make it into the top 10 that is not located within London or one of the Scottish cities of Edinburgh, Aberdeen and Glasgow. Its 174 millionaires help it to achieve 9th place in the survey. Outside of the top 10, the next post area outside of London or Scotland is AL5 – Harpenden in Hertfordshire – which sits at joint 13th place alongside SW6 in London (Fulham), both with 147 millionaire residents. Leatherhead (specifically KT22) in Surrey also makes the top 20, its 146 millionaires bringing it in joint 15th place with London’s SW15. John Dobson, Managing Director at EuroDirect said: “Although the stock market continues to offer investors something of a turbulent ride, it has still helped to create thousands of millionaires, in all corners of the country. It’s always a fascinating study to look at which areas of the UK are home to millionaires, and it’s especially interesting to see London’s dominance in the chart shaken by Scottish cities.”

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