The Edinburgh Property Market – How Much Has Your Property Increased?
Over the last year the Edinburgh property market has out performed the rest of the UK, taking its place as the fastest moving property market and the city in which the average property price has increased more than any other city.
But how much have prices in the EH1 – EH17 postcodes gone up in the last seven years?
According to Rightmove, one area of North Edinburgh has risen by a staggering 81% since 2011 and many other parts of the city aren’t far behind, In addition, the last quarter of 2018 the average selling time for some areas was just two weeks, proving that the demand for the available property in the EH postcodes far outweighs the current supply, further pushing up prices.
Demand for one-bedroom apartments and tenement flats is particularly high, partly due to the rise in short term holiday lets. Using market trends data from the Rightmove, Glasgow Live compared the residential house prices in 2011 and 2018 to get a clear idea of just how much prices have risen.
Research showed that the steepest EH postcode area was Granton, a former industrial area that has benefitted from a waterfront regeneration project, with an increase of 81%. Other areas with a steep increase include Duddingston and Portabello.
Granton was closely followed by Portobello and Duddingston with a rise of 73.1% and the EH17 area including Gilmerton and Mortonhall with 68.5%.
These areas with significant increases over a relatively short period are likely to get even higher given that demand is still high, and Edinburgh seems immune to the economic uncertainty in the UK today.
So how much have prices in your postcode changed?
The heart of Edinburgh, where tourism and short-term lets found on the likes of Airbnb are flourishing due to high demand, including the areas of Castlehill, Leith Street, Royal Mile and Broughton Street. Prices here have risen by 56.7%
The EH2 postcode includes the commercial district of New Town and Princes St. Again, the increase in short-term lets such as Airbnb has further driven up house prices. Prices here have risen by 63.1%
This area includes Stockbridge, the West End, Tollcross and Fountainbridge. House prices here have risen by 57.6%.
This postcode includes the historic areas of Dean Village, Comely Bank, out to Barnton and Cramond. Prices here have seen a 40.8% increase.
This is the area that has excelled in terms of house prices. If you bought here in 2011 your property would have gone up by an incredible 81.2%. The area includes Granton as well as some parts of Ferry Road.
Covering Leith and Newhaven, this area hasn’t performed as well as the others but still a healthy rise of 32.6%.
This inner city area is between central Edinburgh and Leith, reaching out towards Restalrig and Craigentinny. This area has risen by 41.7%.
This postcode covers the Southside including Newington, Abbeyhill and Mountcastle. It has seen a rise of 30.2%.
This postcode includes the Marchmont and Grange areas, Blackford hill, Minto Street and Causwayside. Prices here have gone up by 39.5%.
This area goes from Bruntsfield, Morningside and Fairmilehead. The increase here is 31.7%.
The EH11 postcode starts at Haymarket station and reaches towards Gorgie, Stenhouse, Sighthill and the Calders. It has seen a 43.5% rise.
EH12 forms a long corridor along the A8 from Haymarket to Murrayfield, Crostorphine and South Gyle. The rise here is 46.1%.
This area is based on the village of Colinton and Oxgangs. It has seen a rise of 23%.
This large section of south-west Edinburgh starts at Slateford and includes Balerno, Juniper Green, Wester Hailes and Currie. It has seen a rise of 48%.
This area includes Portobello and Duddingston and has seen an impressive rise of 73.1%.
Based on the formerly separate village of Liberton and out towards Cameron Toll, Craigmillar and Niddrie. The rise here is 46.3%.
This postcode covers Gilmerton and includes Moredun and Mortonhall. Another impressive rise of 68.5%.
Talk to our team at Clyde Property Edinburgh today to discuss the property market or to arrange a valuation.
Clyde Property Edinburgh
48-50 Morningside Road, Edinburgh EH10 4BZ
T: 0131 297 5999
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