Edinburgh is an exceptionally desirable city to live in but as we know, property usually comes with a hefty cost.
Being the capital city, it exudes opportunities, a buzzing nightlife, entertainment, seemingly unlimited restaurants, and a pleasing aesthetic. All of this adds to price and it has risen by 9.4 per cent year-on-year with the average cost of a home in Edinburgh sitting at £299,649 according to ESPC's latest report.
The housing market is in a state of flux - with mortgages hitting a 12-year high, but a housing expert predicts things will stabilise. As Edinburgh Live previously reported, Edinburgh’s Stuart Radmall, the local property specialist with RE/MAX Scotland said that he expects to see the market slow down near the end of year as current mortgages in principle go out for renewal or expire.
