A bonny view of
Edinburgh Castle from
the Ross Fountain in
Princes Street Garden .
Edinburgh has seen the largest
population increase of all the Scottish Significant increases in the housing
Council areas in recent years. In Mid-2008
Population Estimates, Scotland, the stock, including affordable housing,
General Register Office for Scotland
estimates that Edinburgh’s population on ensure that Edinburgh continues to
30 June 2008, was 471,650 with an increase
of 3,580 (0.8 per cent) on the previous year, be an inviting prospect.’
and of 25,410 (just under six per cent)
between 1998 and 2008.
Excluding London, Edinburgh has the property market, although the city’s Newington, Polwarth, Saint Leonards,
strongest economy of any city in the UK wealthier southern and western districts Sciennes and The Grange, South Side is
and thrives on the industries of banking, include detached and semi-detached also popular with families due to its state
education and tourism. houses. Home to the University of and private schools.
Edinburgh, South Side is popular with Firms of ‘solicitor estate agents’ handle
DIVERSE AND QUALITY PROPERTY many of the 100,000 students and has an residential and commercial sales and
Edinburgh has a thriving and dynamic abundance of rental properties. lettings in Edinburgh rather than a typical
property market; significant increases in Comprising Bruntsfield, Haymarket, estate/letting agency format found in the
the housing stock, including affordable Marchmont, Merchiston, Morningside, rest of the UK. 230 ‘property solicitor set
housing, ensure that Edinburgh continues
to be an inviting prospect for potential
AVERAGE HOUSE PRICES IN EDINBURGH (recorded by ESPC)
residents and investors.
2007 2008 2009
The number of houses in Edinburgh is
£250,000
expected to increase by 12 per cent by
£240,000
2014. Urban villages, Georgian crescents,
£230,000
market towns and sympathetic new
£220,000
developments offer abundant choice to £210,000
prospective residents; from the tenements £200,000
of the medieval Royal Mile to the Georgian £190,000
elegance of the New Town, the fine £180,000
Victorian Suburbs to the designer £170,000
penthouses of contemporary Leith and on £160,000
to the family homes of rural East Lothian.
£150,000
Apartment living dominates Edinburgh’s
J F M A M J J A S O N D J F M A M J J A S O N D J F
24 JULY-AUGUST 2009 PROPERTYdrum
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