After a number of months of displaying 'green shoots' the property market certainly seems to be on the up. And the trend is not just restricted to the east of Scotland - estate agents and solicitors in Glasgow and on the west coast are seeing equally promising developments.
Why is it good news for property investors? Faster sale times and generally increased activity will encourage more potential sellers to put their property on the market. At the same time, prices continue to remain in the 'sensible' bracket, with average house prices in Edinburgh over 4% lower than they were at the same time last year.
Whilst it wouldn't be wise to look at the figures only without taking into account the types of properties sold it's certainly an indication that great value properties continue to be available. At the same time, despite increasing property sales the rental market remains buoyant, especially in a city like Edinburgh where a growing affluent student population makes up a large percentage of potential tenants.
We'll keep a close eye on further developments and will keep you posted on this blog. In the meantime, feel free to contact us for more detailed information.
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