Edinburgh Property: what’s not to like?
On a recent trip across the pond we were struck by a feature in a US lifestyle publication on the virtues of property in our – by US standards – quaint little town this side of Brexit:
It’s one of the most sought-after places to live in the UK. Every year in polls, it ranks as one of Europe’s best places to live. Whether you’re moving for work or for a better quality of life, it has something to offer everyone. If you’ve been dreaming about owning a little piece of Edinburgh, there’s never been a better time. The combined solicitor estate agents in Edinburgh, are ready to help you find your home.
What better place to live than in one of Edinburgh’s vibrant areas? Full of light and breathtaking beauty, Edinburgh is the place for people who want to get out and experience all that life has to offer. With 12 large festivals a year, there’s always something to celebrate. Food lovers seek out Edinburgh for its Michelin-starred restaurants and brasserie style eateries. Fans of literature, history, and film converge on Edinburgh to seek out places of wonder and significance. Visit the cafe and sip tea where J.K. Rowling wrote Harry Potter. See the places where Trainspotting was filmed. Have adventures exploring the city’s labyrinth of 17th-century, underground streets. Head outside and discover parks and gardens, historical sites and golf courses. You could spend a lifetime here and still not see all that Edinburgh has to offer.
Edinburgh is a beautiful place to live, but what about investment? The UK referendum voted to leave the EU was a surprise. The majority of Scots had voted to stay. There is a long way to go in reconciling these decisions. In the meantime and despite these political upheavals the housing market in Edinburgh is doing well. Banks are in a strong position, they have plenty of capital, and are enthusiastic about working with customers to help them secure mortgages. There are a large number of purchasers on the hunt for property and combined with a limited supply of available properties and you can see why Edinburgh is a sought-after location.
The exchange rate is another factor that has boosted the Edinburgh property market. Overseas buyers are already showing signs of seeking to cash in on the weak pound and are excited for the chance to invest in property in the UK. Stiff competition among buyers vying to take advantage of this buying opportunity are making Edinburgh a hot property investment spot.
Speak to us at Blair Cadell, solicitors and estate agents in Edinburgh. We can guide you to the area that will best fit your budget and lifestyle. Blair Cadell is a firm of estate agents and solicitors in Edinburgh who are ready to answer all of your questions and provide all the guidance and legal advice you need. Especially if you aren’t familiar with the housing market in Scotland (which differs from the rest of the UK), having knowledgeable professionals to guide you will help to speed along the process.
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