Espc

The move to homeworking and a decline in demand for short-stay Airbnb lets, as well as worries about Covid rates in urban areas, are thought to have contributed to rents plummetting in Edinburgh.

Edinburgh-based real estate consultants ESPC has revealed the top selling areas in Edinburgh, the Lothians, Fife and the Borders throughout 2020.

In the fourth quarter of 2020, the average property selling price in Edinburgh, the Lothians, Fife and the Borders was £269,542, up 8.1% compared to last year, according to the latest data released by ESPC.

Scottish property prices are continuing to rise year on year as the average selling price from August to October Edinburgh, the Lothians, Fife and the Borders rose by 7.9% to reach £270,983. 

From July 1 to September 30, the average selling price in Edinburgh, the Lothians, Fife and the Borders was £266,149, up 5.2% compared to the same period last year, according to property consultant ESPC. This is also an increase compared to the first quarter of the year, during

The Scottish Property market has seen a huge demand since the coronavirus lockdown restrictions have been eased, according to property firm ESPC.

ESPC has highlighted how the Scottish property market might move forward after the coronavirus lockdown measures have been eased.

ESPC agents have reported that some buyers are choosing to submit an offer after viewing a property virtually.

ESPC has studied some of the effects of the coronavirus pandemic on the property market, looking at how the market and agents have adapted to the current circumstances and what the future may hold.

Property selling prices are rising in Scotland as an increasing number of homes go on the market, according to the latest ESPC data.

Over the past three months, the average property selling price in Edinburgh, the Lothians, Fife and the Borders was £248,009 – an increase of 2.1 per cent on the previous year. In Edinburgh, the average selling price was £265,748, a 1.8 per cent increase compared to last year.

The number of properties coming to market in Edinburgh, Fife and the Borders has declined as 2019 ends, according to ESPC's latest House Price Report.

Over the past three months, average selling prices across Edinburgh, the Lothians, Fife and the Borders rose by 2.5 per cent to £253,552.

Figures released by HMRC last week revealed a reduction in the number of property transactions in the UK this summer amidst uncertainty surrounding Brexit. According to the figures, in the UK the provisional seasonally adjusted volume of residential property transactions decreased by 8.5 per cent be