According to Savills Research department in 2016, the recovery in the Scottish housing market that began in the major city locations has now reached suburbia. In 2017, the recovery is also expected to reach more locations further out from the city centres.
The demand for prime property in commuter locations around Edinburgh is on the rise, but outside of the city, the Land and Buildings Transaction Tax is proving to be a barrier to growth. However, the market is now improving in the Lothians commuter belt around Edinburgh including Midlothian (Eskbank), East Lothian (Aberlady) and West Lothian (Linlithgow).
The market has been strong for prime popular city centre areas such as Morningside, the New Town and Stockbridge, but it was only in 2015 that an increase was noted in prime market sales in the inner Edinburgh suburbs like Barnton, Cramond, Colinton, Stockbridge, Murrayfield, Ravelston, Inverleith and Trinity.
Also in 2015, prices started to increase in some suburbs to such an extent that they were lifted up into the prime market. These include South Queensferry, Cammo, Corstorphine, Craigleith, Broughton, Duddingston, Willowbrae and Liberton.
Cailean Mortgages is an Edinburgh-based mortgage broker with extensive knowledge of the Edinburgh property market and welcomes enquiries from all prospective buyers for Edinburgh and the Lothians.