1 minute read
Housing Market
from NE Magazine
EDINBURGH’S HOUSING MARKET IS BUOYANT
After an incredible first 2 quarters of the year that saw property sales in Edinburgh increase by more than 50% on the previous year. There has been a slowing down recently, especially for flats, with supply outweighing demand. The main reason for this is the influx or Airbnb/holiday lets coming back into the market place due to the changes in legislation that Edinburgh Council have implemented.
The housing market though still remains particularly buoyant with demand outweighing supply. There is just not enough good quality stock in the traditional Edinburgh hotspots, such as Blackhall, Craigleith, Ravelston, Murrayfield, Trinty, Morningside, Newington, The Grange etc. Hopefully once our children return to school after the summer holidays the situation will change in the autumn before the seasonal downturn.
Edinburgh though has remained as a popular destination for investors, and owner occupiers alike, and I see no reason for this to majorly change anytime soon. The pandemic has caused certain markets in the UK to ground to a halt , especially after the Stamp Duty holiday, but we remain on track for another very successful year, and hopefully that will continue through 2022.
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