City Guide to Edinburgh, Scotland

City Guide to Edinburgh, Scotland

Edinburgh News: property

Edinburgh House Prices Drop 10% in 2008

The ESPC in Edinburgh

The average house price in Edinburgh now stands at £193,354 after falling 10.1% in the last year, said the Edinburgh Solicitors Property Centre today. While this is a bigger fall than the house price drop across East Central Scotland, where the average price fell 8.5% to £181,527, Edinburgh has managed to avoid some of the pain experienced south of the border.

Home Buyers Waiting For More Interest Rate Drops

One of Scotland's leading solicitor estate agents forecasts that the housing market will start to show the first signs of recovery when the Bank of England levels out interest rates.

Study Says Edinburgh Is Loneliest Place in Britain

Edinburgh Castle and Old Town from Holyrood Park

According to a new study by the BBC and Sheffield University, Edinburgh is the loneliest place to live in the UK. In "Changing UK: the Way We Live Now" researchers compiled and rated areas across Britain using official statistical data from the Census to show how Britons are more demographically segregated "than at any time since the computerisation of census data (1966)."

Edinburgh House Prices Slump 11.4% YOY

Figures released earlier this month by the ESPC reveal that the average house price in Edinburgh now stands at £192,225 following a 11.4% year-on-year fall in October.

It is the third consecutive month which has seen a fall in the year-on-year prices, with the rate of decrease up from 7.1% in September.

Meadowbank Plans Suspended as Property Falls

The redevelopment of Meadowbank stadium is likely to be suspended temporarily until land values in Edinburgh recover. The project had been due to start in early 2011 with a two year target for completion but the recent onset of a global financial crisis has contributed to a decrease in the value of the Council's land assets.

Credit Crunch Hits Edinburgh City Council Finances

Alexander and Bucephalus

The economic downturn will hit Edinburgh City Council coffers hard next year. An autumn budget statement, the first to be published by the Council, highlights increased costs and lower income.

Edinburgh Residential Property Continues To Slide

The ESPC in Edinburgh

Edinburgh's residential property market continues to deteriorate, according to latest statistics from the ESPC for the third quarter of 2008.

History of Your House Week

Edinburgh Central Library

Edinburgh City Libraries is hosting a series of free events beginning next week where residents can find out more about the history of their house or area they live.

Edinburgh Councillors To Blow Down 40-year-old Flats

Sighthill's multi-storey Broomview Court is to be demolished with explosives on Sunday 21st September between 11am and 12.30pm. City Housing Leader Councillor Paul Edie along with Broomview Court resident Ian Begg, who lived in the building for its full 40 year life, will push the plunger to ignite the fuse.

Estate Agents Say Property Market Needs More Help

The Edinburgh and Lothians Property Group (ELPG), a group of five local estate agents, believes that the government needs to do more to reinvigorate
Scotland's property market.

Edinburgh House Prices Drop For First Time in Decades

The ESPC in Edinburgh

The Chancellor's announcement of a stamp duty "holiday" on properties under £175,000 comes at a significant juncture in Edinburgh's housing market. The Edinburgh Solicitors' Property Centre (ESPC) announced today that the average price of an Edinburgh property fell by 6.5% to £201,517 in August compared to a year ago. It is the first fall in decades.