"Scotland’s Capital has traditionally been seen as a safe haven for investment in times of economic uncertainty due to its diversified economy, as a home of learning, politics, finance, and science. Under Covid-19 we have seen a strong spike in demand for high quality prime homes in the city, from both local buyers, and buyers from across the UK and overseas who have been attracted by the investment potential and lifestyle the city has to offer.”
James Whitson, Director, Edinburgh Sales
- The average Edinburgh house price in September 2020 was £286k, up +4.1% on the same month last year.
- Transactions remain -41% down in the year to September compared to the year to September in 2019.
- The market is seeing a split in demand with family homes and homes with outside space being sought-after while smaller flatted homes are less in demand.
- There has been an eagerness to transact post lockdown meaning that, across the market when a price reduction has been used to secure sales it has averaged around -5%.