Page 6 - Where do ESPC buyers come from report August 2024 1
P. 6

The Lothians







          As Edinburgh’s closest neighbour, Midlothian         West Lothian also enjoyed a high retention rate of
          unsurprisingly saw a great deal of properties sold   homeowners, with 43% of properties sold in this
          to buyers moving across the city boundary: 53% of    region since January 2019 bought by an existing West
          Midlothian homes for sale since January 2019 were sold   Lothian resident. Similarly to the other Lothian areas,
          to buyers moving across from Edinburgh, suggesting   West Lothian also saw a healthy volume of property
          homeowners moving to these neighbouring suburbs      purchases by Edinburgh buyers, with 18% of homes in
          for larger, more affordable properties in comparison   the area purchased by those relocating just outside
          to what the same price could purchase in the capital.  of  the city,  ostensibly  to  purchase  a  larger,  more
                                                               affordable property compared to what would be
          Just 6% of Midlothian property purchases came from   achievable within Edinburgh’s boundaries.
          buyers already living in this region, suggesting that
                                                                                                                                                                               53%
          Midlothian homeowners tend to stay in their homes    Overall, 66% of buyers within the Lothians stayed
                                                                                                                                                                         of Midlothian homes
          for a longer period, or then relocate to outside of    within the same general out code, with 21% of these
                                                                                                                                                                         for sale since January                     40%
          the region.                                          buyers choosing to purchase a home within the
                                                                                                                                          43%                              2019 were sold to                  of properties bought
                                                               same post district as their current property, e.g. EH21.                                                  buyers moving across
                                                                                                                                     of properties sold in                                                     in this region were
          Ever-popular East Lothian boasted a much higher      There was much lower interest in these regions from                                                          from Edinburgh.
                                                                                                                                     West Lothian since                                                         purchased by an
          retention rate of homeownership, with 40% of         international buyers, with 1.5% of Midlothian buyers
                                                                                                                                      January 2019 were                                                       existing East Lothian
          properties bought in the region purchased by an      being internationally based, and 0.6% of both East                                                                                                   resident.
                                                                                                                                    bought by an existing
          existing East Lothian resident. This area also boasted   and West Lothian.                                                    West Lothian
          a high number of ‘local relocators’, with 20% of                                                                                 resident
          properties here bought by Edinburgh-based buyers.

          6% of properties purchased in the area were bought
          by buyers from the rest of the UK outside of Scotland,
          suggesting a healthy interest in investment for this
          much-publicised region.
                                                                                                                                                                                  EAST LOTHIAN




                                                                                     WEST LOTHIAN




              66% of buyers within the                                                                                                     MIDLOTHIAN
               Lothians stayed within the same
                 general postcode, with 21% of
             these buyers choosing to purchase
                 a home within the same post
                 district as their current home.








       6  |  BUYER GEOGRAPHIC REPORT                                                                                                                                                                              BUYER GEOGRAPHIC REPORT  |  7
   1   2   3   4   5   6   7   8   9   10   11