Page 14 - ESPC Magazine - June 2021

THE PROPERTY MARKET

HOUSE PRICE REPORT MAY 2021

Local property market continues to record high activity

The volume of properties sold in
KEY POINTS Edinburgh, the Lothians, Fife and the
Borders has continued to rise over the
last three months. Given the lockdown
restrictions of last year an inflated annual
£261,369 sales volume increase is to be expected
and reached a high of 240% during this
average period. However, comparison with March
selling price to May 2019 shows a 17% increase which
indicates that the local property market
continues to be very busy as people
move home.
Between March and May 2021 the average
selling price in Edinburgh, the Lothians, In Edinburgh, sales volume was up 279%
Fife and the Borders rose by 13.2% compared to March to May 2020 and up
year-on-year to £261,369. 17% compared to the same period in 2019.

In Midlothian, the sales volume was
up 210% year-on-year and up by 27%
103.2% compared to March to May 2019. East
Lothian recorded an increase in sales
average percentage volume of 148% annually and 22% on
of Home Report 2019, whilst in West Fife and Kinross, the
valuation number of properties selling increased
achieved by 162% annually, and was the same as
March to May 2019.
From March to May 2021, homes in Edinburgh,
the Lothians, Fife and the Borders achieved an However, in West Lothian we recorded a
average of 103.2% of Home Report valuation, 138% annual increase compared to a 9%
compared to 103.4% last year. decrease on the same period in 2019. This
trend was similar is East Fife where we
recorded a 124% increase annually and a
2% decrease compared to 2019.

21 days THE NUMBER OF NEW HOMES
COMING TO MARKET IN EDINBURGH
Median time INCREASES
to sell Between March and May 2021 we have
recorded a higher volume of properties
coming to market in Edinburgh, the
Lothians, Fife and the Borders compared
During this period in these areas, the median to the previous two years. Due to the
selling time was 21 days, one day faster than COVID-19 restrictions during this period
last year.
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