Record house sales for Edinburgh
House sales have hit record levels in Edinburgh in recent months and has sent prices soaring by 20% in some areas.
More properties were sold in Edinburgh in the final quarter of last year than during any other year-end in the past 36 years, according to Edinburgh Solicitors Property Centre. The surge in demand saw property prices across the city rise more than 10% compared to last year.
The biggest increase in demand has been for one-bedroom flats in the Leith Walk and Gorgie/Dalry areas, as first-time buyers increasingly struggle to afford two-bedroom properties. The other most sought-after properties have been large family homes outside the city centre.
More properties were sold in Edinburgh in the final quarter of last year than during any other year-end in the past 36 years, according to Edinburgh Solicitors Property Centre. The surge in demand saw property prices across the city rise more than 10% compared to last year.
The biggest increase in demand has been for one-bedroom flats in the Leith Walk and Gorgie/Dalry areas, as first-time buyers increasingly struggle to afford two-bedroom properties. The other most sought-after properties have been large family homes outside the city centre.
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1:14 PM
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