House prices
Relocate to the Edinburgh City Region and you
will be entering a property market which is more robust than
elsewhere in the UK.
The average rate of house price inflation in
Scotland is currently 22.4%, well above the UK average of 11.1%
(Scottish House Price Index compiled by Halifax Bank of
Scotland*).
The Scottish housing market represents good
value within the UK. Properties cost on average, 39% less
than in the rest of the country. However, prices in the city
region remain higher than in most other areas of Scotland, so
relocating to the city region would not involve any overall loss of
market value within a UK wide context.
Commuting is very feasible in the city
region. There is not the pressure on the transport
infrastructure which is evident in the UK’s more populous areas.
There are many rural locations within the Lothians, Fife and the
Scottish Borders with affordable housing, which can be reached
within an hour.
*Please note – the house price information
provided on this page represents averages based on economic
analysis conducted at the beginning of 2007.
