SCOTTISH property markets across Edinburgh, the Lothians, Fife and the Borders have remained steady over the summer despite economic uncertainty.
The average selling price across these regions rose by 2.1% to £299,586 between June and August.
Hawick in the Scottish Borders was the most affordable location to buy at an average price of £131,136, while Edinburgh’s Greenbank was the most expensive at £569,865.
Despite a 6% drop in overall sales volume year-on-year, properties continued to go under offer in an average of 21 days.
Edinburgh performed strongly throughout the summer, with city centre and West prices up 6.6% and 6.9% respectively. Buyers in the capital paid an average of 102.6% of the Home Report valuation, peaking at 105% in Leith.
Two-bedroom flats in Leith remained the top-selling property type, despite an 11% drop in sales volumes compared to last year. Across the market, all regions saw an increase in average selling prices except for West Fife and Kinross, where prices dipped 5.4%.
Seller confidence remained high, marked by an 11% jump in homes marketed using the “offers over” pricing method. The total number of properties coming to market saw only a minor 0.2% decrease.
Sales times also quickened in specific areas, with Edinburgh city centre homes selling five days faster and West Lothian properties seven days faster than the previous year.
Paul Hilton, CEO of ESPC, said: “The overall picture of the property market during the summer months is one of stability.
“There are dips that we would expect to see in these traditionally quieter months, and ones that may be more due to such an active summer in 2025 that this year naturally looks lower by comparison.
“There is also the wider context of the current financial market, which may be another reason why sales have cooled slightly.
“However, sellers are clearly confident and ready to proceed with their property journeys, and the buyers that are in the market are acting with assurance and clarity, paying healthy premiums and making successful offers promptly.
“Property prices largely continue to rise across the regions, and it continues to be the case that high-quality, attractively priced homes will drive strong levels of interest despite a slightly uncertain financial backdrop.”
