The Edinburgh property market has had a strong start to 2015 with high levels of demand and an increase in viewings. Strong figures published by the ESPC and a number of nationwide property periodicals suggest that this year will be a good year for sellers.
One thing for certain is that there is a shortage of desirable properties on the market. In some respects this is an odd situation as even a cursory glance at what the lenders are doing reveals that there are some great mortgage deals around just now. If you are thinking about moving give our property team a call. We can arrange a no obligation pre-sale valuation on the spot. We can help you organize your finances too. At Blair Cadell we have an experienced IFA who can run you through your options and take the stress out of financing your move.
Here are some key facts and figure from the Edinburgh Solicitors Property Centre to think about:
- The number of homes sold in East Central Scotland between February and April of 2015 rose by 16% annually.
- The average selling price in East Central Scotland rose by 18% between February and April of this year, compared with the same time period in 2014.
- The percentage of sales achieving the Home Report valuation rose from 46% between February and April of 2014 to 51% in 2015.
- The number of new homes brought to market between the months of February and April has increased by 3% annually, the smallest increase in the past year.
Blair Cadell Solicitors are a leading firm of Edinburgh solicitors dealing in a wide range of property, business, tax and personal legal services. Call 0131 555 5800.