The latest report from the ESPC reflects the continued sense of positivity in the Edinburgh property market. From our perspective there is still a shortage of properties on the market. Demand is there from first time buyers and second steppers, so if you're thinking of selling give us a ring today.



ESPC report:

  • -- Buyer activity continues to rise across Edinburgh, the Lothians and Fife.

  • -- During the third quarter of the year the number of sales recorded by ESPC rose by 13% annually, and by 63% compared to the same period in 2012.

  • -- Seller activity also rose. New instructions were 15% higher than during the third quarter of 2013.

  • -- Within Edinburgh 64% of homes sold met or exceeded their Home Report valuation, up from 40% a year ago.

  • -- Across other areas of the Lothians and Fife the percentage of sales where the Home Report valuation was achieved also rose.

  • -- The median selling time during the third quarter stood at five weeks, down from eight weeks last year.

  • -- House prices are rising in most areas of East Central Scotland. In Edinburgh the average house price now stands at £220,174 following an annual rise of 3.6%.

Blair Cadell are a leading firm of Edinburgh solicitors, specialising in property, business, tax and personal legal services. Follow us on Twitter, Facebook, and Google+ for regular updates on our services.