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EDITIONS
Wednesday, 5 February, 2003, 15:36 GMT
Millionaire hotspots pinpointed
Edinburgh general view
Edinburgh has the most millionaires outside London
Two areas of Edinburgh have more of Britain's most affluent people than anywhere outside Hampstead in London.

A survey by a marketing company has identified the top 100 millionaire havens around the UK.

It placed Blackhall and Morningside in second and third place in its survey, with 266 and 243 millionaires respectively.

Hazelhead in Aberdeen came joint sixth in the report with Kensington in London.

The Hazelhead area of Aberdeen was sixth in the table

In the west of Scotland, Bearsden in Glasgow was in 13th place with 155 millionaires.

No areas outside of London or Scotland appear until 14th place in the chart, which sees popular retirement spot Hove in East Sussex sharing the position with Corstorphine in Edinburgh.

Other Scots suburbs featured in the poll included Blackford Hill in Edinburgh (21st) and Newton Mearns in Glasgow (25th).

Glasgow's west end (54th), the Stockbridge area of Edinburgh Midlothian (58), south Ayr (59) parts of Perth (77th) and Killearn in Stirlingshire (81st) are also on the list.

The 'Millionaire Neighbourhood Report' was compiled by marketing and business intelligence company EuroDirect, part of the Skipton Information Group.

Not conspicuous wealth

It said there were more than 60,000 millionaires in Britain and calculated wealth using shareholder records.

London dominates the top 20, with Hampstead coming in at first place with 294 millionaires in residence.

Social commentator Roddy Martine said Edinburgh's high ranking in the survey was not a surprise.

"Edinburgh has always been known as the richest city per head of population in the UK," he said.

I can see that people who wanted to have a rather upmarket gin palace would live in Blackhall

Chris Boisseau
Estate agent

"Growing up in Edinburgh I was always conscious of the fact it was a rich city, but it was not conspicuous wealth.

"People always lived fairly modestly but you always knew the money was there."

Chris Boisseau, an estate agent with Edinburgh firm Factotum, said he thought the results of the survey were "odd".

He said: "The New Town and a bit further out in parts of Barnton tend to be where the really wealthy congregate.

"I can see that people who wanted to have a rather upmarket gin palace would live in Blackhall.

"But there are a couple of parts of Morningside which are much more millionaires' row."

 WATCH/LISTEN
 ON THIS STORY
BBC Scotland's Elizabeth Quigley
"It's not just Scotland's capital that's hit the high spots"
Social commentator Roddy Martine
"People always lived fairly modestly but you always knew the money was there."
See also:

07 Apr 02 | Scotland
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