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THE PROPERTY MARKET

               The House Price Report: April 2025                                           The  number  of  properties  sold  increased  by
                                                                                            7.8% compared to the same period last year.   130
              We share the latest property market data from across Edinburgh,                                                       solicitor estate agents
                                                                                            Properties  sold  in  the  highest  volume  in
                           the Lothians, Fife and the Borders.                                                                      ready to help you buy and sell homes
                                                                                            Dunfermline. Leith and Corstorphine were in
                                                                                            second and third place respectively, while South   Over
                                                                                            Queensferry secured fourth spot, thanks to   2,660
           he average selling price of property in   every home sale. Homes in Dunbar enjoyed   a  significant  annual  growth  in  sales  volumes
           Edinburgh, the Lothians, Fife and the   a  18.1%  increase  year-on-year,  resulting  in  a   of  111.1%.  Inside  the  top  ten  were  three  East   homes for sale
       TBorders was £285,684 during February -   new  average  selling  price  of  £325,957,  while   Lothian towns, hinting at increasing demand for
       April 2025, an annual increase of 6.6%.   Musselburgh  had  a  9.3%  rise,  increasing  the   commuter-friendly locations close to Edinburgh.   700,000
                                           average selling price here to £241,237.
                                                                                            Dunbar saw a healthy 105.3% rise in properties   My ESPC emails sent during April
       Most regions saw solid growth in average                                             selling, while in Tranent, sales volumes also
       selling prices. West Lothian stood out with   The average percentage of Home  Report   increased substantially, by 78.3%. Ever-popular
       a  9.1%  year-on-year  increase.  The  Scottish   valuation achieved across the area stood at   Musselburgh was also in the top ten, with a   places like West Lothian, where homes are
       Borders also performed strongly, with average   101.1%.  This is only 0.1 percentage point down   modest sales volume increase of 5.9%.   selling faster and for significantly higher prices,
       prices rising by 7.8% to £224,824.   compared to the previous year. Homeowners                                             reflecting high demand and value.”
                                           looking to sell can have confidence in relatively   There was a slight increase in the number
       In Edinburgh, the property market showed   predictable  property  market  conditions  while   of  properties  coming  to  the  market  during   “While East Lothian saw a slight decline in
       strong growth, with average selling prices   home buyers can buy their new property at a   February  to  April  2025,  with  levels  up  0.7%   average prices overall, towns like Dunbar and
       climbing 6.8% to reach £304,294. A closer look   cost closer to the Home Report valuation and   compared to the same time last year. With   Musselburgh recorded double-digit growth
       at  the capital’s city centre revealed an  even   therefore potentially allowing them access to   some stabilisation around interest rates, it’s   and rising sales activity, showing that demand
       sharper  rise  of  10.6%,  bringing  the  average   better mortgage deals.           clear to see that homeowners are still keen   in commuter belts remains strong. The surge
       selling  price  there  to  £353,811.  This  area                                     to move.                              in sales volumes across areas like South
       includes some of the city’s most sought-after   The median time for properties to go under                                 Queensferry and Tranent, and consistent
       neighbourhoods, such as New Town, Old Town,   offer was 34 days - four days longer than during   It was a different story in East Lothian, where   interest in Leith and Corstorphine, highlight the
       Stockbridge, West End, and Comely Bank.  the same period in 2024. This trend signals a   Musselburgh and Dunbar both enjoyed   continuing appeal of well-connected, lifestyle-
                                           stable market, offering reassurance to both      notable increases in the number of properties   rich communities.”
       Despite an overall decrease in the average   buyers and sellers. Buyers benefit from having   coming  to  market,  rising  41.3%  and  47.2%
       selling  price  as a  region,  there  were some   more time to evaluate properties carefully,   annually. Good news considering the strong   “Although the pace of sales has slowed slightly
       notable winners within East Lothian highlighting   while sellers can remain optimistic that sales   sales demand we’ve seen in these locations.   in some regions, the overall picture remains
       the hyper local differences within the property   are progressing  and  offers  are  likely  within a                      one of a healthy, competitive market. Median
       market and showcasing the uniqueness of   short number of weeks.
                                                                                            CEO Paul Hilton commented: “The spring   time to under offer across our core areas sits
                                                                                            months  of  2025  have  continued  to  paint  a   at 34 days - still within a window that provides
                                                                                                                                  reassurance for sellers while allowing buyers
                                                                                            positive picture for the local property market,
          Key points  £285,684                                                              with rising average selling prices across most   the space to make informed decisions. Notably,
                                                                                            regions, steady sales activity, and a consistent
                                                                                                                                  hotspots like Leith and Balerno are still seeing
              average selling price
                                                                                            stream of new property listings. Buyers are
                                                                                                                                  properties  move  quickly,  underlining  strong
                                                                                            benefiting from stable conditions, while sellers
                                                                                                                                  localised demand.”
              up 6.6% year-on-year.
                                                                                            are seeing strong market engagement.”
                                                                                                                                  “Looking ahead, the market is poised for
              101.1%                               34 days                                  “Edinburgh and surrounding areas have   continued activity into the summer months.
                                                                                            demonstrated resilience and growth, with the   Well-presented, well-priced properties are
              average percentage of Home           median time to sell                      capital’s average selling price increasing by   attracting  firm  interest,  and  with  buyer
              Report valuation achieved
                                                                                            6.8%, and especially vibrant movement in city   demand remaining high, both sides of the
              just 0.1 percentage points lower annually.  four days slower than last year.   centre, where prices rose by more than 10%.   market have plenty of reason to be positive
                                                                                            We’ve also seen impressive performance in   as we move forward.”
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