The Edinburgh Property Market Continues To Thrive
Encouraging activity in Edinburgh's residential property market shows no signs of slowing down according to new statistics released by CKD Galbraith.
Following research conducted by the firm’s Edinburgh office, the second quarter of 2014 (April – June 2014) saw property sales increasing significantly since the first quarter up 40 per cent of this year and a steady rise compared to the same quarter of 2013 being up 17 per cent. Of the properties sold by the Edinburgh office this quarter, 27 per cent have been to locally based buyers, 55 per cent to national buyers and 18 per cent to international buyers.
Andrew Jarvie, of CKD Galbraith’s Edinburgh office, said: “The Scottish property market has been enjoying another successful period as demand continues to outstrip supply, with our Edinburgh office experiencing a steady rate of growth having handled 40 per cent more sales over the second quarter of the year. Quality New Town and city centre flats have been particularly sought after during this period.
“Once again this quarter we have seen the majority of buyers coming from south of the border, with a high percentage being overseas buyers, demonstrating the appeal of the Edinburgh market on a national and international scale.”
CKD Galbraith has enjoyed substantial growth over the years and operates a network of regional offices located throughout the country. The firm has recently celebrated the launch of its new office in Cults, Aberdeen.
If you are interested in selling or buying a property in the Lothian region, please do not hesitate to get in touch with our Edinburgh estate agency team.