Edinburgh city centre, which includes desirable locations including Stockbridge, Old Town and Tollcross, saw its average house price rise to £352,568 in the January-March quarter, an increase of 11.7% on last year.
That’s according to the latest ESPC House Price Report for Edinburgh, the Lothians, Fife and the Scottish Borders.
ESPC said the average selling price of property across these areas was £283,912 during the quarter, up 6.1% year-on-year.
“Taking a more granular look at the performance of the property market in the capital, we can see that the north-west of the city had a notable increase in the average selling price,” said ESPC.
The South Queensferry, Kirkliston and Dalmeny area recorded an 18.1% increase year on year, resulting in a new average house price of £309,287.
East Fife saw a 13.8% increase year-on-year and there was also significant growth in West Lothian, where average selling prices increased 9.5% to £290,751.
ESPC CEO Paul Hilton said: “The first quarter of 2025 presents a consistent picture for the property market, with the trends of the past few months continuing.
“We are certainly seeing a market that is strong for buyers, with plenty of options available, reduced expectations to pay high premiums, fewer closing dates and longer selling times, giving househunters ample opportunity to shop around to find their ideal home.
“There is plenty of interest and activity among property buyers, but with a steady flow of properties on the market, it allows for calmer seas for those in a position to purchase.”
“It’s also fantastic to see a continuing rise in sales volumes, providing clear evidence that the market is thriving, giving sellers strong confidence and a positive outlook as they navigate their property sales.”
“Sales volumes in the capital continue to grow at a steady rate, with ever-popular Leith appealing to young professionals and first-time buyers, while Corstorphine remains highly desirable for families. Demand is also particularly high in Midlothian and West Fife and Kinross as buyers continue the trend of seeking larger more affordable homes with an easy commute to the Capital.”