Page 7 - Property market report_Sept24-Feb25

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

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