ESPC house-price report

ESPC’s house-price report for August-October, which covers Edinburgh, the Lothians, Fife and the Borders, has revealed that Edinburgh properties were snapped up within 22 days during this period.

The residential suburb of Restalrig in the east of the capital saw the highest demand from buyers: 45 per cent of properties listed for sale in the area set a closing date. 

The average selling price in the city rose 1.6 per cent, to £314,321.

Commenting on activity across all four regions, ESPC chief executive, Paul Hilton said:

“The late summer and early autumn months have shown encouraging signs of steady growth and resilience across Edinburgh, the Lothians, Fife and the Borders.

“East Lothian’s performance has been particularly noteworthy, reflecting ongoing demand for coastal living within easy reach of Edinburgh.

 It’s also promising to see West Lothian and Midlothian maintaining healthy growth, reinforcing their appeal as attractive, good-value commuter areas.

“While we have seen a modest decrease in the number of homes coming to market, sellers appear to be optimistic, with the vast majority (over 84 per cent) of properties marketed on an ‘offers over’ basis, up notably from last year.

“Overall, these results demonstrate a steady and confident market that continues to offer opportunities for both buyers and sellers. Growth may be more measured than in previous years, but stability and balance are welcome signs of a healthy property landscape across Edinburgh, the Lothians, Fife and the Borders.”

The full report is available at www.espc.com