The Herald - The Herald Magazine
THE VOICE OF PROPERTY
THE average selling price of property across Edinburgh, the Lothians, Fife, and the Borders, rose 3.3 per cent year-on-year during January to March this year, to a new average of £267,941, according to the latest ESPC House Price Report. Zooming into individual regions, average selling prices rose substantially in many out-of-town areas, most notably West Lothian and East Fife – the former up 42.7 per cent year-on-year, taking the average price from £198,762 to £283,678 due to the larger number of higher-value properties selling during this quarter, compared to the same time last year when high volumes of lower-value properties were more prevalent. In Edinburgh, all areas saw an increase in the amount of Home Report valuation paid – the highest amount seen in East Edinburgh, with properties achieving 107.2 per cent on average.
Paul Hilton, CEO of ESPC, comments: “With life almost back to normal, and many buyers settled into new lifestyles, we can see that there is still very strong demand for homes outside of the city centre that offer great transport links, where a larger property is more affordable for many. Areas such as West Lothian and Midlothian are seeing significant leaps in demand, while we’re continuing to see strong interest for East Lothian and East Fife – regions which have both thrived throughout the past two years.”
ROWANBANK Gardens, in the Edinburgh suburb of Corstorphine, has been shortlisted for the best residential Climate Crisis Initiative for the 2022 RESI Awards, which recognises excellence in UK-wide residential property. The award nomination reflects Artisan Real Estate’s continued multi-million investment in
fossil fuel-free regeneration-based residential projects in key regional city centres across the UK – with major developments currently taking place in Edinburgh and Glasgow. Due for completion in 2023, Rowanbank Gardens’ environmental credentials create a great blueprint for low-carbon living. Replacing a former care home on a brownfield site, this development is set to deliver 126 high quality apartments – all with private gardens and balconies – set around a shared courtyard garden in a well-connected central location.