Edinburgh has taken the top spot for residential property investment in a list complied by Colliers.
The property services firm said the Scottish capital's solid house price growth, highly educated residents and expected population growth, all pushed Cambridge into second place.
London rose from fourth into third position in the report looking at the second half of the year. Glasgow moved up three places from eleventh to eighth.
Bristol and Manchester dropped out of the top five rankings, being replaced by Oxford in fourth and Belfast as fifth.
Douglas McPhail, head of Scotland at Colliers, said: "Scotland’s vibrant capital benefits from thriving digital, science and tech industries thanks to its highly skilled workforce, with many businesses expanding or setting up a new presence in the city.
“Edinburgh’s demographic and economic advantage over other cities, house price growth and rental yields, make the city innately attractive to residential investors."
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