Month: May 2014

ESPC House Price Report May 2014

  • Between March and May, the number of homes sold across Edinburgh, the Lothian’s and Fife rose by 43% annually. The number of homes coming onto the market rose by 11% over the same period.
  • House prices rose in most areas of East Central Scotland, with the average house price in Edinburgh up 2.9% annually at £212,431.
  • Almost 60% of homes sold in the Capital achieved or exceeded their valuation – the highest level since Home Reports were introduced.
  • Selling times have quickened, with the median selling time across East Central Scotland falling from 12 weeks to just under seven weeks.
  • The majority of sellers are now choosing to market their homes at Offers Over rather than at Fixed Price or Offers Around.