It comes as no surprise to us, being solicitors and estate agents in Edinburgh.
But it has been confirmed that Edinburgh is one of the most in demand places for property in the UK. Although what is surprising is Edinburgh overtaking central London in the stakes for the number one spot. Of course, London still remains to be the most expensive but in terms of enquiries of properties for sale, Edinburgh comes out tops with almost double of what properties in London receive compared to the national average.
We have mentioned many times that there is a supply and demand issue ongoing with properties in Edinburgh, with their being far more buyers looking to purchase properties than there is properties available. This makes for a very competitive market, with it being very rare for a property to be on the market for long, or for it to sell for any less than the Home Report value. Something which doesn’t seem set to change anytime soon. Not great news for First Time Buyers unfortunately!
Centennial London came third in the UK’s Top Property Hotspot, with Croydon above and Edinburgh at number one. Glasgow followed after London, marking it the only other Scottish city in the Top 10.