Page 12 - ESPC_Aug-25
P. 12

THE PROPERTY MARKET
                                                                                              130                                2,700           596,343
                The House Price Report: July 2025                                             solicitor estate agents            homes           My ESPC emails
                                                                                              ready to help you buy and sell homes  for sale     sent during July
              We share the latest property market data from across Edinburgh,
                           the Lothians, Fife and the Borders.
                                                                                            During this period, 22.4% of properties went to   remains steady, and buyer confidence is high,
                                                                                            a closing date, down 1.0 percentage point from   as indicated by the increase in new listings and
           he average selling price of property in   Between May and July 2025, buyers paid   the previous year, while property sales across all   strong performance of Home Report valuations.
           Edinburgh, the Lothians, Fife, and the   an average of 102.5% of the Home Report   regions remained steady year-on-year, showing   Overall,  the  market  remains  balanced,  with
      TBorders was £289,982 during May – July   valuation - a slight increase of 0.1 percentage   a marginal increase of 1.2%.   both buyers and sellers benefitting from a more
       2025, an annual increase of 3.3%.    points compared to last year. Sellers in West                                        diverse range of properties on offer.
                                            Fife & Kinross continued to see the highest     Despite   a   significant   24%   decrease,
       Most regions experienced increases in their   returns, with homes achieving  an average   Dunfermline saw the highest volume of   “Edinburgh continues to be the standout area,
       average selling price, most noticeably in East   sale  price  of  104.1%  of  their  valuation  -  a   property transactions. Musselburgh stood out   with the average house price rising by 3.3%, and
       Lothian where the average increased 9.8% to   1.4  percentage  point  rise.  Meanwhile,  East   with a notable 30.3% increase in annual sales,   strong price growth in sought-after areas such
       £293,945.  Edinburgh  saw  its  average  selling   Fife  remained  the  most  favourable  area   while  in  East  Lothian,  Dunbar  experienced  a   as the southwest of the city, where prices surged
       price rise to £310,758, up 3.3% year-on-year,   for buyers, with properties selling for an   65.6% jump in property sales.   by 14.8%. Meanwhile, regions such as Midlothian
       while both West Lothian and Midlothian also   average of 98.3% of their valuation, offering                               and West Lothian saw notable growth, with price
       enjoyed notable growth, with averages rising   attractive opportunities for purchasers.                                   increases of 5.7% and 6.6%, respectively.
       6.6% to £283,393, and 5.7% to £271,879.                                              Among  property  types,  two-bedroom  flats  in
                                                                                            Leith remained the most sought-after, even
                                            The median time for properties to go under
       Property prices in Edinburgh Southwest rose   offer was 20 days - one day faster than   though  sales  dipped  slightly  by  1.6%.  One-  “While some areas have experienced slower
       by  a  notable  14.8%  year-on-year,  to  a  new   the same period in 2024. In Edinburgh,   bedroom flats in the area ranked as the third   growth, such as the Scottish Borders and East
       average  of  £398,563.  The  hugely  popular   the overall median selling time was 20   most popular, despite a more substantial 19.9%   Fife,  other  regions  like  West  Fife  &  Kinross
       eastern part of the city also saw steady   days  -  two  days  faster  than  the  previous   decline in transactions, while buoyed by an   and Midlothian have proven to be particularly
       growth with an annual rise of 5.9%, taking the   year.  However,  while  East  Lothian’s  pace   8.8% increase in sales, four-bedroom houses in   attractive to buyers. As a result, properties in these
       average house price to £277,118.     of market slowed by two days annually,          Dunfermline ranked second.           areas are selling quicker than ever before, with
                                                                                                                                 median selling times down in several locations.
                                            properties in Midlothian were sold seven
       Two-bed flats in Dunfermline were the most   days quicker. The property market in West   Dunfermline  recorded the highest  number  of
       affordable  on  the  market,  selling  for  an   Fife & Kinross moved at lightning pace, with   new listings, with insertions rising by 6% year-  “Despite  the  challenges  presented  by
       average  of  £142,476,  up  8.4%  year-on-year.   homes being snapped up in a median selling   on-year. Leith remained the second most active   inflationary  pressures,  the  property  market  is
       One-bed  flats  in  Musselburgh  followed   time of just 13 days, which is four days faster   area for new listings, with an increase of 10.7%.   in a healthy place, with a stable pace of sales
       closely behind, with average prices settling at   than 2024.                         Corstorphine followed in third, experiencing a   and increased listing volumes helping to ease
       £149,281 after an annual increase of 3.9%.                                           14% rise.                            the competition for buyers. Sellers are still
                                                                                                                                 confident, with over 84% of properties marketed
                                                                                            Demonstrating  continued  confidence  in  the   under ‘offers over’. It’s clear that confidence is
                                                                                            market, 84.8% of sellers opted to use the ‘offers
         Key points  £289,982         20 days                                               over’ marketing strategy - despite an increase   abundant for those looking to buy or sell.
                                                                                                                                 high across the market, and opportunities are
                                                                                            in available properties. This represents a 7.7
               average selling price
                                      median time to sell
                                                                                            percentage point rise compared to the same
                                                                                                                                 “As we look towards the rest of the year, the
                                      one day quicker than the period May - July 2024.
               up 3.3% year-on-year.
                                                                                            period last year.
                                                                                                                                 outlook for the property market remains
                                                                                            CEO Paul Hilton commented:           optimistic.  With  a  steady  flow  of  new  listings
                                                                                                                                 and continued buyer interest, there are ample
               102.5%                                                                       “The property market across Edinburgh, the   opportunities for those looking to make a move.
               average percentage of Home Report valuation achieved                         Lothians, Fife, and the Borders has continued   Whether you’re searching for your first home,
                                                                                            to  show  solid  growth and  resilience  in  the   expanding to a larger property, or exploring
               up 0.1 percentage points on the same time last year.                         summer months of 2025. With average selling   investment opportunities, the market is well-
                                                                                            prices  rising  by  3.3%  year-on-year,  demand   placed for continued activity.”
    12  |  espc.com                                                                                                                                          espc.com  |  13
   7   8   9   10   11   12   13   14   15   16   17