Page 4 - Property market report_Sept24-Feb25
P. 4
New
Homes took property Buyers paid
Area overview 23 days listings rose by an average of
to go under offer,
Report valuation,
which was one day 2.3% 101.7% of Home
faster than the down 0.3 percentage
previous year Sales points
volumes
increased
20.8%
annually
The average
property selling
price across Edinburgh,
the Lothians, Fife and
the Borders was
£285,460
The pace of the local property
market quickened
During September 2024 and February 2025, the median
time to sell a property in Edinburgh, the Lothians, Fife,
and the Borders was 23 days - one day faster than the
same period last year. This trend reflects the impact
of an increased number of properties coming onto
Average selling prices grew across Buyers paid less over the Home New listings grew steadily while sales
the market, giving buyers more time to consider their
the majority of regions Report valuation to secure a home volumes increased significantly options before committing.
Over the period of September 2024 to February 2025, On average, buyers in Edinburgh, the Lothians, Fife, New property listings saw a modest increase of
the average selling price of property in Edinburgh, and the Borders paid 101.7% of a property’s Home 2.3% across Edinburgh, the Lothians, Fife, and the Rosyth, located in West Fife & Kinross, recorded the
the Lothians, Fife and the Borders was £285,460, a Report valuation - 0.3 percentage points lower Borders during this period. This was accompanied by fastest property sales, with a median selling time of
healthy 5.2% increase compared to the previous year. than the same period last year. This slight decline a notable 20.8% surge in sales volumes, reflecting just 11 days. While this is two days longer than the
highlights how the increased availability of properties strong market activity and steady overall growth. previous year, demand for homes in this affordable
Edinburgh was the most expensive city to buy has eased pressure on buyers and tempered sellers’ town remains strong.
property, with an average selling price of £305,679 expectations, making high bidding less common. Dunfermline recorded the highest number of
- an increase of 4.9% year-on-year. In contrast, the property listings, rising by 0.4%, while sales volumes Overall, two-bedroom family homes in Dunfermline
Scottish Borders was among the most affordable Most regions saw a reduction in the percentage paid increased by 14.6%. Following Dunfermline in terms were the quickest to sell, taking just nine days to go
areas, with homes selling for an average of £223,045, over valuation. Buyers in the Borders paid the least, of listings were Leith, with a significant 18.9% increase; under offer - 15 days faster than the median selling
despite a notable 6% rise from the previous year. averaging 99.2%, a drop of 1.1 percentage points Corstorphine, up 16.9%; Musselburgh, up 14.4%; and time for this property type between September 2023
annually. East Fife followed closely, with properties Liberton, up 6.5%. and February 2024.
West Lothian saw the largest jump in property prices, selling for an average of 99.7% of their valuation,
with the average increasing by 10.8% to £272,335, down 2.4 percentage points. When it comes to property sales, and matching 20.6% of properties for sale set a closing date, up
followed close by West Fife & Kinross with an annual the top five for insertions, Dunfermline led the way, from 20.1% the previous year, further reinforcing the
jump of 9.4%, resulting in a new average selling price In contrast, buyers in West Fife & Kinross paid the followed by Leith, where sales volumes grew by notion that the local property market in Edinburgh,
of £229,288. highest premium, offering an average of 103.1% over 21.6%; Corstorphine, up 24.8%; Musselburgh, with a the Lothians, Fife and the Borders remains strong
valuation. Reflecting the continued popularity of remarkable 55.9% increase; and Liberton, up 38.9%. and steady.
Given that the Scottish Borders was one of the best the region, West Fife & Kinross was the only area to
places to bag a bargain, it’s no surprise to find that the experience an increase in the average percentage of Two-bedroom flats in the trendy Leith area remained Duddingston had the highest proportion of properties
most affordable property type was one-bedroom flats Home Report valuation attained, with a growth of 1.5 the top sellers, with sales volumes continuing to climb setting closing dates, with 44% of homes for sale
in Selkirk, which sold for an average of £64,929. percentage points year-on-year. by 26.8%. opting for this approach.
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