Merchiston house prices rose 40% in 2020

New data on Edinburgh area house prices from ESPC shows the top location by average selling price in 2020 was the Merchiston area of the capital city with an average selling price of £565,933 — up 40.5% compared to 2019.

In Edinburgh, Merchiston was followed by the Greenbank and Grange areas.

However, it was Kelso in the Scottish Borders that saw the greatest year-on-year increase in average property selling price, with a 45.2% increase compared to 2019 as the average price rose to £214,232.

Dunfermline in Fife boasted the highest volume of property sales of any ESPC district in 2020.

However, Dunfermline sales were still down 18.3% year-on-year.

Dunfermline was followed by Corstorphine and Leith in Edinburgh for highest volume of property sales during the year.

Kelso saw the greatest year-on-year increase in property sales, rising by 15.9%.

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.