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20% Increase in Property Prices in Q1 2015

Listing figures from our Edinburgh property shop show a significant jump in the average price of properties between January and March.

The average price of a property listed by our Comiston Road property office increased by around 20% between January and March.

The highest proportion of homes sold at or above Home Report value occurred in February and sales almost doubled between January and February. 

Karen Turner, property sales director, said: “We had a very busy start to the year with buyers and sellers looking to move before the new tax system was introduced. We are confident the market will readjust and next quarter’s statistics will show a levelling out as people continue to need to move regardless of the tax implications.

“February was particularly buoyant in terms of sales volumes, as well as 80% of our properties selling at or above Home Report value. Homes in the EH10 postcode continued to perform well, as well as any houses within popular school catchment areas.”

Pagan Osborne’s Edinburgh property shop is based in Comiston. To speak to a member of the team, call 0131 539 3333 or email property-edinburgh@pagan.co.uk.

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Edinburgh
Clarendon House
116 George Street
Edinburgh
EH2 4LH Call Us
Tel: 0131 624 6820
Fax: 0131 220 1612
2 Comiston Road
Morningside
Edinburgh
EH10 5QE Call Us
Tel: 0131 539 3333
Fax: 0131 538 7204
St Andrews
106 South Street
St Andrews
Fife
KY16 9QD Call Us
Tel: 01334 475001
Fax: 01334 476322
Cupar
12 St Catherine Street
Cupar
Fife
KY15 4HH Call Us
Tel: 01334 653777
Fax: 01334 655063
1 Crossgate
Cupar
Fife
KY15 5HA Call Us
Tel: 01334 656525
Fax: 01334 654119
Anstruther
Pagan Osborne
5a Shore Street
Anstruther
Fife
KY10 3EA Call Us
Tel: 01333 310703
Fax: 01333 311918

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