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THE PROPERTY MARKET

The House Price Report: The pacing of the market was the same as
the previous year, with a median time to sell 140
December 2024 – February 2025 of 27 days. This is encouraging news for both
buyers and sellers, signalling market stability solicitor estate agents
and providing consistency for both parties.
We share the latest property market data from across Edinburgh, ready to help you buy and sell homes
the Lothians, Fife and the Borders.
West Fife and Kinross were once again the Over
area with the fastest selling properties, with 2,300
homes going under offer in just 15 days –
he average selling price of property North recorded double figure increases, with five days faster than this time last year. The homes for sale
in Edinburgh, the Lothians, Fife, and rises of 14.7% and 11.1%. Comely Bank had quickest selling property type overall was
Tthe Borders rose 6% annually to an average selling price of £371,493, while two-bedroom houses in Dunfermline, with 595,000
£286,443 from December 2024 to February Blackhall was averaging at £559,734. buyers snapping up these properties in only My ESPC emails sent during February
2025, highlighting a continued strong six days. In Edinburgh, two-bedroom flats
demand in the Scottish housing market. From December to January, properties sold in Granton went under offer in 14 days, and
The biggest increase was in West Fife and for an average of 101.3% of their Home Report two-bedroom flats in Leith were equally as
Kinross, which increased 6.7% to £229,263, valuation, 0.1 percentage points higher than popular, with a median selling time of 15 days. across most regions. Demand remains high,
while Edinburgh rose by 6% to an average the same time last year. Edinburgh increased particularly in desirable coastal and urban
of £305,825. West Lothian rose by 4% to by 0.2 percentage points to an average Despite a slight 4.1% drop in the number of areas, leading to steady price increases
£263,751, and Midlothian saw its average of 101.5% while East Lothian rose by 0.1 properties listed, property sales volumes rose despite the traditionally quieter winter
selling price rise to £264,132. In the Scottish percentage points to an average of 102%. 13.6% during December to February, showing months. Edinburgh continues to perform
Borders, property prices climbed by 2.5% to In the Scottish Borders, properties attained the increase of active buyers in the market. well, with certain areas seeing significant
an average of £232,809. 98.9% of their valuation figure on average, Leith again proved popular with buyers as price surges, while parts of Fife and the
as well as in East Fife (99.5%) and West it secured the highest volume of property Lothians also experienced healthy growth.”
In a continued trend, Edinburgh North Lothian (99.6%). Edinburgh East had the sales, with a 24.4% increase compared to the
West came out on top where there was an highest demand, with properties selling for previous year. “Market stability is reflected in buyers
annual rise of 17.7%, which was driven by a 103% of valuation, with Easter Road attaining continuing to pay above Home Report
high volume of higher-value homes in the a significant 108.8%, and Meadowbank and In the south of the capital, Gilmerton appealed valuations, especially in sought-after
popular Kirkliston area. In other areas of Leith Links following closely behind with the most to potential buyers with a significant locations. While selling times have slowed
Edinburgh, the city centre and Edinburgh 104.6% and 104.5%. sales volume, while the neighbouring suburb slightly compared to previous months, key
of Danderhall also boasted strong sale areas are still moving quickly, with smaller
numbers, suggesting an extremely popular properties remaining in high demand.”
area for home-buyers seeking reliable links “Looking ahead, the market remains
Key points £286,443 Despite a slight drop in the volume of homes competitive, with strong demand and
to Edinburgh city centre.
average selling price
steady price growth. For sellers, conditions
coming on to the market in December
remain favourable, while buyers must act
up 6% year-on-year.
2024-February 2025 compared to the
previous year, it was positive overall, and decisively, particularly in high-demand areas.
ESPC continues to see a dynamic and active
increased competition leading to homes market, with positive momentum as we
101.3% 27 days going under offer two days faster than the move further into 2025.”
prior period.
average percentage of Home median time to sell
Report valuation achieved “If you’re thinking of buying or selling a
CEO Paul Hilton commented: “The Scottish property in Edinburgh, the Lothians, Fife, or
Up just 0.1 percentage points annually. The same as last year. property market has shown strong resilience, the Borders, contact your local ESPC solicitor
with notable growth in average selling prices estate agent today.”

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