• For sale signs Ashley Terrace

 

 

  • Between May and July the number of homes sold across Edinburgh, the Lothians and Fife was 28% higher than during the same period last year.

 

 

  • The number of homes coming onto the market also rose, with new instructions between May and July up 18% annually.

 

 

  • 67% of homes sold in the Capital achieved a selling price equal to or in excess of their Home Report valuation, the highest level on record.

 

 

  • In most areas house prices are higher than at this time last year. In Edinburgh the average house price stands at £226,220 following a year-on-year increase of 2.9%.

 

 

  • The popularity of the Offers Over approach continues to rise among sellers. 64% of new instructions between May and July were marketed in this manner compared to 40% a year ago.

 

 

You can read the full report by clicking here.

 

Blair Cadell are a leading firm of Edinburgh solicitors, dealing in a wide range of property, business, tax and personal legal services.

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