The index is a valuation-based index which tracks the movement in prime residential prices in local currency across 40+ cities across the globe using data from Knight Frank’s global research network.

Edinburgh is ranked at number 13 in the index just below Jakarta and Paris.

The city has seen a 3.4% 12-month increase and a 0.9% increase in the last three months of this year.

Edinburgh’s growth has placed it above Tokyo and Beijing in the listing which have both seen a growth of 3.3% in the last 12 months.

The top three locations in the index are Moscow, which has seen an 11.1% increase in the last 12 months, Frankfurt with a 10.3% increase in the same period and Taipei with an increase of 8.9%.