Prime property prices in Edinburgh rising at fastest rate for a decade
Property Wire reports; Property prices in Edinburgh’s prime property market increased by 3.3% between January and March, taking annual growth to 7.7%, the latest analysis report shows. READ MORE.
Cullen Property opinion:
A price growth report produced by Knight Frank highlights that property prices in Edinburgh’s prime property market has increased to an annual growth of 7.7%. This is the fastest growth rate in over a decade. However, supply of prime Edinburgh properties does remain tight, with 40% fewer properties worth £500,000 or more put up for sale in 2018 compared with the same time period in 2017. While activity was concentrated on central areas in 2017, this has started a ripple effect to more suburban areas. As Edinburgh is quickly expanding, these suburban areas are likely to increase in demand due to them offering easy access to Edinburgh’s City Centre.