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THE PROPERTY MARKET

The House Price Report: January 2025

We explore the latest data to uncover trends in the local property market
over the past three months.

he average selling price of property in 2023/24. Edinburgh East had the highest
in Edinburgh, the Lothians, Fife, and demand, with properties selling for 103.5%
T the Borders rose 5% annually to of valuation. Willowbrae attained 106.5%,
£287,184 from November 2024 to January followed by Easter Road at 106% and
2025, reflecting strong market demand. The Portobello at 105%.
biggest increase was in West Fife & Kinross, 140
up 12% to £231,582. Midlothian’s average The market was a little more dynamic than solicitor estate agents
price rose 4% to £260,237, and Edinburgh’s the same period the previous year, with the ready to help you buy and sell homes
increased 4% to £300,744. In the Scottish median selling time of a property being 22
Borders, prices climbed 5% to £227,164. days, which is two days faster than November Over
2023-January 2024. 2,300
Despite a slight 2% decrease in the number
Edinburgh North West saw a 20% annual rise, of properties coming onto the market
bringing the average home price to £290,041. West Fife & Kinross boasted the fastest- compared to the previous year, sales homes for sale
The popular commuter area of Kirkliston selling properties, with homes going under volumes surged. This year saw an increase of
surged 37% year-on-year to £331,044, while offer in just 14 days. 22% in sales, hinting at increasing numbers 560,000
South Queensferry rose 17% to £273,420. My ESPC emails sent during January
of buyers in the market in comparison to
Tying into where the highest premiums were winter 2023/24.
From November to January, homes sold for paid, one-bedroom and three-bedroom flats
an average of 102% of their Home Report in Portobello sold very quickly, flying off the Leith continued to prove popular with buyers, What does it all mean?
valuation, mirroring last year. Notably, market in just 17 days. In Willowbrae, two- as it secured the highest volumes of property Paul Hilton, CEO of ESPC, commented: “The
72.5% of properties sold for at least their bedroom flats sold in just 8 days, which was sales, along with a substantial 35% increase property market is usually much quieter
valuation, consistent with the same period 13 days quicker than the previous year. compared to the previous year. between November and January, however
there was a lot of positivity. Overall, the
In the north of the capital, the appealing market has remained relatively stable, with a
significant rise in sales volumes.”
suburb of Trinity continued its attractiveness
Key points £287,184 to potential buyers with a significant “Buyers continue to have a wider range
sales volume. Meanwhile, in East Lothian,
average selling price
Musselburgh, with its fantastic links to the
of options, particularly those looking for
city centre of Edinburgh, saw a huge surge
1- and 2-bedroom flats in popular areas
Prices rose 5% annually during November – January.
in sales.
of Edinburgh. The average selling price
continues to rise at a steady pace, showing
102% 22 days Despite the slight drop in the volume of strong market demand even in typically
slower periods.”
homes coming onto the market in November
average percentage of Home median time to sell 2024-January 2025 compared to the previous
Report valuation achieved year, it was positive overall all, bringing more “If you’re thinking of buying or selling a
competition during the period, resulting in property in Edinburgh, the Lothians, Fife, or
Exactly the same as last year, which is Two days quicker than the homes going under offer two days quicker the Borders, contact your local ESPC solicitor
positive for both buyers and sellers. same time last year.
than the previous year. estate agent today.”
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