Page 6 - Property market report_Sept24-Feb25

Buyers continue to enjoy paying a
Edinburgh
of properties for
The average selling
price indicted strong
market demand, rising
4.9% year-on-year to
£305,679
Properties in
Edinburgh went
under offer in a
median time of
22 days
6 | PROPERTY MARKET REPORT
The sales volume of
properties in Edinburgh
increased 25.7%
annually during September
- February, while property
25.1% insertions rose
by 3.5%
sale went to a
closing date
Buyers in
Edinburgh paid
102% of the
Home Report valuation
on average
Increase in average selling price
indicates strong market demand
The average selling price of property in Edinburgh
increased by 4.9% year-on-year during September 2024
- February 2025, indicating strong market demand even
during traditionally slower periods.
All key reporting areas of the capital enjoyed growth in
terms of average selling prices, most notable in the North
West of the city where average prices surged 22.2% to
£312,729. The city centre also recorded a double-digit
increase, rises by 11.2% to an average price of £346,956.
Highlighting a more consistent growth, the average
selling price of properties in the west of Edinburgh grew
by 2.7%. This modest growth resulted in an average price
of £203,895, making the west of Edinburgh the most
budget-friendly area in the city for purchasing a home.
In contrast, with an average property selling price of
£349,598, the south west of Edinburgh was the most
expensive area of the capital in which to buy a home.
The best bargains for house hunters in the city,
particularly for first-time buyers, was one-bedroom flats
in Gorgie. With an average selling price of £151,007, they
were the most affordable property type on the Edinburgh
market during September 2024 - February 2025, coming
in below the Land and Buildings Transaction Tax (LBTT)
first time buyer zero payment threshold.
lower premium to purchase a home
in Edinburgh
Between September and February, property buyers
in Edinburgh experienced a slight reduction in the
premium paid to secure a home. On average, properties
sold for 102% of their Home Report valuation,
reflecting a minor decrease of 0.2 percentage points
compared to the same period in the previous year
(September 2023 – February 2024).
This suggests that an increase in the number of
properties entering the market has provided buyers
with greater choice, reducing competition and easing
the pressure to pay above the valuation price.
Whilst the majority of areas in the capital experienced
stability in the amount paid over the Home Report
valuation, Edinburgh East (including Leith, Portobello
and Joppa) enjoyed a year-on-year increase of 0.8
percentage points, resulting in properties achieving
103.7% of their Home Report valuation.
In terms of property types, one-bedroom flats in the
Leith Walk, Easter Road, Pilrig and Bonnington areas
remained particularly sought after, with buyers paying
an average of 105.6% of the Home Report valuation.
Meanwhile, Edinburgh city centre presented the best
opportunity for buyers seeking value, as properties
there achieved an average of 100.2% of their valuation.
The pace of the property market
quickened
Between September 2024 and February 2025, the
median selling time for properties in Edinburgh was 22
days, two days faster than the same period last year.
This reflects the impact of an increased number of
properties entering the market, allowing buyers more
time to explore their options before making a decision. bedroom houses were abundant in Corstorphine,
Properties in the east of Edinburgh sold the quickest,
with a median time of 18 days (one day faster than the
previous year). In contrast, homes in the city centre
took the longest to sell, remaining on the market for a
median of 40 days before going under offer, which is
six days slower when comparing year-on-year.
One-bedroom flats in Easter Road were among
the fastest-selling properties, going under offer
in just 10 days - five days quicker than the same
period last year. This highlights strong demand
from young professionals looking to live in a
vibrant location with excellent transport links to
Edinburgh city centre.
Also being snapped up in a median time to sell of
10 days were one-bedroom and three-bedroom
flats in Portobello, highlighting the seaside
suburb’s popularity with both families and young
professionals alike.
23.5% of properties for sale went to a closing date,
up from 22.3% the previous year.
Leith continues to be a hotspot
for both buyers and sellers
The property market in Edinburgh continued it’s
slow but steady growth, experiencing an increase
in the number of homes coming onto market
and property sales volumes. This healthy boost
benefits buyers and sellers alike, giving overall
confidence for property purchasing in the capital.
The number of new properties entering the
market grew by 3.5% year-on-year, providing
buyers with a wide range of options, while
property sales volumes saw a significant 25.7%
increase compared to the previous year.
Two-bedroom flats in Leith were the most in-
demand, with buyers eager to secure this highly
sought-after property type. One-bedroom
flats in Leith followed closely behind, with one-
bedroom flats in Gorgie and two-bedroom flats in
Corstorphine also proving popular.
Along with two-bedrooms flats, sales of three-
highlighting its appeal to both families as well as
young professionals.
Leith had the highest volume of new properties
coming onto the market, with Corstorphine,
Liberton, Morningside, and Trinity following
close behind.
PROPERTY MARKET REPORT | 7