Edinburgh 'powers on' despite dip in Scottish house price growth
The latest data and analysis from Your Move has shown that house prices are continuing to rise in Scotland's capital – with annual growth standing at 15.6% in the year to April 2018. According to the report, the increase is driven by sales of properties worth more than £750,000.
"The market in Scotland continues to power on, and the performance of Edinburgh is astounding"
Christine Campbell, Your Move managing director in Scotland, commented: “The market in Scotland continues to power on, and the performance of Edinburgh is astounding. We should look at how we can help first time buyers, though, to ensure they don’t increasingly find themselves locked out of the market as they have been elsewhere in the UK.”
However, despite the rise in Edinburgh, the picture was less positive for other regions as price growth for the whole of Scotland fell from 7.8% in March to 6.9% in April.
Typical prices currently stand at £183,994 - an £11,800 rise compared to last year.
Alan Penman, business development manager for Walker Fraser Steele, one of Scotland’s oldest firms of chartered surveyors and part of the LSL group of companies, said: “Price growth in Scotland has come off the boil a little, but it had to for it to be sustainable. While Edinburgh powers on, it provides a strong foundation for the market.”
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