A new report from Macgregor Property has revealed a “bright year ahead” for “prime”residential property in Edinburgh.

The average sale price for prime Edinburgh property reached £546,000 in 2024, the report said.

Despite prices holding steady, Macgregor Property’s analysis revealed transactions were up 4.33 % over 2024.

Trinity was among the areas to see prices rise, with increases of almost 2% over the year.

Meanwhile, Merchiston has seen the biggest increase in valuations since 2021, with prices up more than 10%.

Stockbridge remains the most expensive area for prime homes in Edinburgh, with average prices of £468 per square foot, followed closely by the New Town.

Macgregor Property specialises in selling high-end Edinburgh homes, with average sale prices of more than £1 million over 2024.

Macgregor Property’s Director Michael Hodgson said: “Macgregor Property’s annual review of the prime Edinburgh property market reveals a bright year ahead for 2025.

“Despite prices holding steady, transactions were significantly up, reflecting increased confidence in the market, particularly as interest rates continue to fall.

“Our report reveals prime Edinburgh property continues to be a major market both for residential and investment buying, with prices up almost three and a half percent since 2021.

“As the premier independent estate agent specialising in prime Edinburgh property, Macgregor Property is looking forward to these positive trends continuing over 2025.”