Good news keep rolling in for property market

Last week, we blogged about property sales across the UK rising. Taking a look at Edinburgh itself, the Edinburgh Solicitors and Property Centre (ESPC) has published its quarterly report showing that the last two months' house sales in Edinburgh and the Lothians have reached their highest level in five years.

Some commentators have rightfully pointed out that this increase has a 'catch': while sales numbers are up, house prices are still falling, especially in the city centre. However, in some Edinburgh suburbs, house prices are increasing by as much as 15% over the last twelve months.

Whilst this large increase may be a one-off, it has encouraged additional sellers into the market, giving buyers - including investors - more of a choice. And with house prices remaining stable it's a good time to look for great deals.

Add to this the Bank of England's announcement that interest rates are not going up for a number of months, and it's easy to see why confidence is returning to the property market.

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