• Fri. Aug 12th, 2022

What the average price of new homes in Edinburgh can do for you in different parts of the city

The average price of a new home in Edinburgh is £ 293,406, up 7% from the same time last year, new data shows.

The pandemic has not put off prospective homebuyers as the town is well above the Scottish average of £ 207,778 and remains the most expensive in the country.

READ MORE – Scottish M&S client criticized for ‘selfish’ Boxing Day sale

Graham Blair, director of mortgages at the Bank of Scotland, who provided the data, said: ‘Scottish house prices have had another exceptional year, with growth above the UK average and properties in almost all cities that are now more than 12 months old.

“The feedback we get from customers is what we see in the data. Prolonged home working has influenced where people want to live and the type of property they want to own.

“While our large cities continue to be attractive, with commuting now less of a priority, areas that offer more space and a better price have seen increasing demand from buyers. “

So what can the average price of a home in Edinburgh earn in different parts of the city?



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