House prices still soaring in Scottish Capital
New figures from the Edinburgh Solicitors Property Centre (ESPC) show house prices are continuing to soar in the Scottish Capital despite recent rises in interest rates.
Sales in the first two months of the year show the average property price in Edinburgh has risen by almost 14% - to £194,979 - compared to the same period last year.
The high number of relatively affordable flats has helped turn Leith into the city's property hot-spot, with price rises of 25%. The top end of the market is also up with sales of homes costing more than £500,000, particularly in areas such as Murrayfield and Newington, up by just over 40%.
It is thought that a shortage in the number of properties being put up for sale is continuing to push prices up.
Sales in the first two months of the year show the average property price in Edinburgh has risen by almost 14% - to £194,979 - compared to the same period last year.
The high number of relatively affordable flats has helped turn Leith into the city's property hot-spot, with price rises of 25%. The top end of the market is also up with sales of homes costing more than £500,000, particularly in areas such as Murrayfield and Newington, up by just over 40%.
It is thought that a shortage in the number of properties being put up for sale is continuing to push prices up.
posted by ew at
12:38 PM
0 Comments:
Post a Comment
<< Home