Property prices in City of Edinburgh
Explore Property Prices In Your Area
Find out how property prices are changing in your local area and across the United Kingdom
Recent trends for prices in City of Edinburgh
The latest figures from February 2024 indicate the property market in City of Edinburgh continues to show rising price trends. Compared to January, 2024, average prices increased by 1.1% to £325,025. On an annual basis, average property prices have increased 6.6% since 12 months ago.
In terms of sales activity, there were 820 residential property transactions completed in City of Edinburgh during February, 2024. Of these purchases, 563 were financed with a mortgage while 257 were all-cash sales. For cash buyers, average prices have changed by 1.1% since January, 2024, coming in at around £317,974. For properties purchased with a mortgage, the average price changed by 1.1% since January, 2024, to £327,776.
Compared to the overall picture in its national parent Scotland, the average property price in City of Edinburgh are higher than the current national average of £187,807. While City of Edinburgh saw a change of 1.1% over the last month, Scotland as a whole recorded a percentage change of -0.6% in average property values. And on an annual basis, prices across Scotland have grown by 5.6%, less than the 6.6% yearly change seen in City of Edinburgh.
Interested in purchasing a property in City of Edinburgh? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.
Average price in City of Edinburgh by housing type
Prices last recorded in February, 2024
average
£325,025
detached
£722,367
flat
£249,327
semi-detached
£450,589
terraced
£357,734
Prices by housing type in City of Edinburgh
Recent data shows that price growth has varied across different property types in City of Edinburgh over the last year. For terraced houses, property prices changed by 1.2% between February 2024 and January 2024 to reach £357,734, and changed by 8% over the last 12 months. The annual change was less than the 4.7% change seen for terraced homes in Scotland overall.
Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £450,589 in January 2024. This represents a 0.9% change from the same month last year.This is outperforming the 6.4% annual change in semi-detached values across the country.
Detached homes in City of Edinburgh gained 1.2% month-over-month to reach an average of £722,367. Annually, detached property values have changed by 9.3%. This is stronger price growth compared to Scotland's 7.3% change for detached houses over the year.
For apartments and flats, average prices increased by 1.1% between February and January 2024, hitting £249,327. Over the last 12 months, apartment values have changed by 5.8%, surpassing Scotland's flat and apartment growth rate of 4.7%.
Overall, detached properties have seen the strongest price momentum locally over the past year, with a change of 9.3%, while flat properties lagged, with a change of 5.8%.
Recent purchases in City of Edinburgh
According to data from HM Land Registry, there were 820 completed property purchases in the area of City of Edinburgh in February 2024. Of these sales, 257 were recorded as cash purchases whilst 563 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 6.7% and the percentage of properties purchased with cash has changed by 6.6%.
The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website
Looking for a specific property type?
Use one of the following links to find more specific information about the type of property you're looking for in city-of-edinburgh.
Detached property prices in city-of-edinburgh
Semi-Detached property prices in city-of-edinburgh
Terraced property prices in city-of-edinburgh
Latest Blog posts
Latest updates on the housing market, local prices in your area, and where house prices could go next.
Everything You Need to Know About Ground Rent: A Comprehensive Guide
Ground rent is a common aspect of home ownership in England and Wales, yet it remains poorly understood by many homeowners and property buyers. When you purchase a leasehold prop...
Posted on Nov 9th, 2023
What's the difference between freehold and leasehold?
When purchasing property in the UK, buyers will inevitably encounter the terms 'freehold' and 'leasehold'. These refer to the two predominant forms of property ownership in the c...
Posted on Nov 7th, 2023
How Much Deposit Do You Really Need to Purchase a Home in the UK?
For most homebuyers, the deposit is one of the biggest obstacles to purchasing a home. Saving enough for a deposit on a house can take years of disciplined saving and budgeting....
Posted on Nov 6th, 2023
UK property price update for September 2023
The housing market in the United Kingdom has seen significant changes over the past few years. Most notably, house prices have started to decline after hitting record highs in mi...
Posted on Sep 7th, 2023
Who is considered a first time buyer in the UK?
For many people, owning their own home is a major life goal and source of pride. However, getting onto the property ladder can be extremely difficult these days, especially for p...
Posted on Aug 18th, 2023
Canary Wharf Apartment Prices: How High Will They Go in 2023?
Canary Wharf is located in East London, part of the Isle of Dogs in the borough of Tower Hamlets. It sits within London's Zone 2, just east of the City of London financial distri...
Posted on Aug 11th, 2023