Page 12 - July 2025
P. 12

THE PROPERTY MARKET

               The House Price Report: June 2025                                             Property sales across Edinburgh, the Lothians,
                                                                                             Fife, and the Borders remained largely the
                                                                                             same as the previous year, recording a slight   130
              We share the latest property market data from across Edinburgh,                increase of 0.5%.                      solicitor estate agents
                           the Lothians, Fife and the Borders.                                                                      ready to help you buy and sell homes
                                                                                             Dunfermline recorded the highest number of
           he average selling price of property in   In Fife, Dunfermline’s average selling price was   property sales, while Leith held onto second   Over
           Edinburgh, the Lothians, Fife and the   £241,710,  a  significant  increase  of  16.3%  year-  place, supported by an 8.7% increase in sales.   2,660
       TBorders was £287,830 during April - June   on-year.  However,  two-bedroom  flats  in  the   Corstorphine  saw  a  12.5%  annual  rise,  while
       2025, an annual increase of 4%.      city were the most affordable properties on the   Musselburgh  also performed well, with a   homes for sale
                                            market overall, coming in at £138,111 on average.   notable 29.2% year-on-year increase.
       Most regions experienced increases in their                                                                                  627,000
       average selling price; most noticeably in West   Between  April  and  June  2025,  buyers  paid   Looking at property types, with three of the top   My ESPC emails sent during June
       Fife & Kinross where the average increased   an  average  of  102.4%  of  the  Home  Report   five most sold being homes with three or more
       8.5% to £236,206. Midlothian saw its average   valuation to secure a property - a 0.3 percentage   bedrooms, there is clearly strong demand for
       selling price rise to £261,989, up 5.5% year-on-  point increase compared to the same period   spacious family housing. At the same time,   choice for buyers. Overall, market conditions
       year, while Edinburgh’s average rose 3.7% to   last year. The proportion of properties selling   the popularity of one- and two-bedroom flats   remain positive and balanced, with both sides
       £307,412.                            for at least their Home Report Valuation rose    - particularly in Leith - underscores the area’s   of the transaction benefitting.
                                            by 1.3 percentage points year-on-year. These     appeal to first-time buyers seeking affordable
       Property prices in Edinburgh City Centre rose   figures  suggest  a  stable  market,  providing   options in Edinburgh.   “While the pace of sales has held steady
       by  a  notable  8.8%  year-on-year,  to  a  new   confidence to both buyers and sellers.                                  year-on-year, some areas are moving notably
       average of £336,840. The average house price                                          The number of properties listed for sale rose   faster than others. Edinburgh East properties
       in the east of the city, home to popular areas   The median time for properties to go under   once again - this time by 7.8% compared to the   are  going  under  offer  in  just  15  days,  while
       such as Leith, Portobello and Meadowbank,   offer during April - June 2025 was 21 days, one   same period last year. This increase in supply   West Fife & Kinross is proving especially brisk
       was £272,518, up 6.5% annually.      day quicker than the same time last year. 22%    provided  buyers  with  a  wider  selection  of   with  a  median  selling  time  of  only  14  days.
                                            of properties went to a closing date, down       homes, reducing competition and enhancing   Dunfermline, in particular, remains one of the
       In  the  Scottish  Borders,  the  most  affordable   by  1.0  percentage  point  compared  to  the   their chances of securing their ideal property.  most active and competitive local markets.
       region, prices decreased marginally to £215,582,   same period last year. This, combined with
       while in East Lothian, the average selling price   a steady average selling price and relatively   Dunfermline recorded the highest number   “Encouragingly, new property listings grew by
       rose 1.1% to £281,992. West Lothian continued   stable median selling times, suggests that   of new listings, with property volumes rising   7.8%  compared  to  last  year,  offering  buyers
       to enjoy gradual growth, experiencing an   homeowners  are  setting  realistic  asking   by 5.5% year-on-year. Despite a 4.9% drop,   more choice and easing some of the pressure
       increase of 3.1%, resulting in an average selling   prices, enabling buyers to make well-informed   Leith remained the second most active   of competition. Even with this increase in
       price of £272,406.                   decisions when placing offers.                   area for new listings. Corstorphine followed   supply, sellers remain confident: over 84% of
                                                                                             in  third,  experiencing  a  4.3%  rise  in  new   properties  are  marketed  under  ‘offers  over’,
                                                                                             properties  coming to  market compared  to   a  notable  increase  that  reflects  sustained
         Key points  £287,830                   21 days                                      CEO Paul Hilton commented:          “As we move into the summer, the outlook
                                                                                             the previous year.
                                                                                                                                 optimism in the market.
               average selling price
                                                median time to sell
                                                                                                                                 remains strong. Whether it’s first-time buyers
               up 4% year-on-year.
                                                one day quicker than last year.
                                                                                             “The property market across Edinburgh, the
                                                                                             Lothians, Fife and the Borders continued to   seeking value in Leith, families upgrading to
                                                                                                                                 larger homes in the suburbs, or downsizers
                                                                                             demonstrate resilience and growth through   capitalising on high demand, there are
               102.4%                                                                        the spring and early summer months of   abundant  opportunities  in  today’s  market.
                                                                                             2025.  A  4%  rise  in  average  selling  prices   With stable selling times, competitive but
               average percentage of Home Report valuation achieved
                                                                                             across the regions shows steady demand   achievable pricing, and a diverse range of
               the same as seen in the previous year.                                        and  strong  seller  confidence,  while  the   homes on offer, the region is well-positioned
                                                                                             increase in new listings is providing greater   for continued momentum.”
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