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The Macgregor Report

Every quarter we analyse all sales in central Edinburgh to produce the most comprehensive guide to Edinburgh property market – The Macgregor Report.

key trends – Feb 2024

 

  • Sales volume across prime central Edinburgh decreased -10.44% over the past year.
  • The average property in prime central Edinburgh sold for £455/sq. ft, a small decrease of 0.82% over the past year.
  • The Grange is the only area that has increased in price (£ / sq ft) over the past 12 months (+2.23%). All other areas in Edinburgh saw a reduction in price, with Murrayfield the weakest area (-2.19%).
  • Stockbridge remains the most expensive area (measured in £ / sq ft), with homes selling at £477 / sq ft.

key trends – nov 23

 

  • The average property in prime central Edinburgh sold for £463 / sq. ft, a small decrease of 0.20% over the past year.
  • Sales volume across prime central Edinburgh decreased -4.77% over the past year.
  • Stockbridge continues  to have the highest average sold price at £478 / sq ft (-0.57% over the past year), while Murrayfield & Ravelston continue to have the highest total sold price at £743,214 (- 2.53% over the past year).
  • Morningside saw the highest price increase, +2.40% over the past year.
  • Murrayfield was the only area that saw an increase in number of properties sold (+ 1.03%), all other areas saw a reduction in sales volume, with The New Town (- 8.7%) showing biggest decline in sales volume

key trends – aug 23

 

  • The average property in prime central Edinburgh sold for £470 / sq ft, an increase of 1% over the past year.
  • Sales volume across prime central Edinburgh decreased 8% over the past year
  • Stockbridge has the highest average sold price at £481 / sq ft, with prices up 0.36% over the past year.
  • The West End saw the highest price increases, + 1.03% over the past year.
  • Murrayfield continues to have the highest average sold price in Edinburgh at £762,489.
  • No areas saw a price reduction over the past 12 months.

Key Trends - Q1 23

 

  • Property prices in New Town, West End, Stockbridge, Murrayfield and Ravelston have increased by 1.31% over the past 12 months to £464 / sq ft. 
  • Stockbridge came out top for the 4th time with sold prices averaging £482 /sq ft  (+ 1.43% in 12 months).
  • New Town property sold for £461 / sq ft (- 0.51%), but with a higher average sold price at £592,243.
  • Sold property in the West End averaged at £449 / sq ft ( -0.64%). The average sold price was £602,440.
  • Murrayfield and Ravelston, a larger geographical area, has the lowest average £/sq ft sold prices of £448 / sq ft (+ 2.22%), however this area has the highest average sold price at £712,633. 

key trends - Q4 22

 

  • Annual transactions remain in the very low hundreds, with sales volumes continuing to fall from their 2021 post-pandemic peak.
  • We’re reporting a 33% drop-off in sales activity in Stockbridge and a 14% decline in New Town; trends that were in evidence well before the mini budget sent further shockwaves through the system.
  • However, a shortage of quality properties tends to have an impact on price; our detailed analysis shows modest price per sq ft growth across all three neighbourhoods.

KEY TRENDS - Q3 22

  • Prime Central Edinburgh property has increased by 0.47% over the past 12 months to £438 / sq ft.
  • Merchiston has shown growth of 2.24% over the past 12 months, the strongest growth in Edinburgh.
  • The West End and The Grange were the only areas to show negative growth over the past 12 months, at -0.10% and -0.04%.
  • All other areas have shown moderate price growth over the past 12 months.
  • 3 month price changes have been most dramatic.
  • New Town, Stockbridge and The Grange all show strong growth of between 2.94% and 4.25%.
  • Morningside and Merchiston declined -4.58% and -3.55% over the past 3 months.

key trends - Q2 22

  • Prime Central Edinburgh property has increased by 2.2% over the past 12 months to £442 / sq ft (average sale price in Q1 2022).
  • Morningside and Merchiston have increased 12.4% & 14.2% over past 12 months due to strong demand for family houses.
  • The West End has seen moderate growth over the past 12 months with 2.9%.
  • The New Town, The Grange and Stockbridge are showing signs of cooling, with declines of – 6.1%, – 2.3% and – 1.4% over the past year.
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