House prices in Edinburgh have rocketed over the past year.
Now one of Edinburgh’s newest estate agents, MacGregor Property, noticed that dramatic leap in property prices in central Edinburgh in the past 12 months and created a new report.
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The report shows that 5000 properties in the capital are valued above £1 million.
Of the three areas that they researched in their newly published The Macgregor Report, the West End leads the field with over 15 per cent rise in prices during 2021.
Whilst, the New Town sees over 8 per cent and Stockbridge over 6 per cent.
The number of properties in the capital city that are now valued at £1m+ is now at its highest level at 5,050 (an increase of 8 per cent on 2020).
Leading the way in the £ per square foot for prime central streets are Ann Street (£703/sq ft), Darnaway Street (£613/sq ft) and Belgrave Crescent (£591/sq ft).
.Michael Hodgson of MacGregor Property says: “When we started trading in the middle of lockdown 2020, we had no idea what was in store for the Edinburgh property market, however since restrictions have eased we have seen huge growth in the Edinburgh market as local, national and international buyers increasingly prioritise lifestyle and quality of life - making Edinburgh a highly desirable place to live.
"The appetite for high end flats and houses in the centre of the city is quite unbelievable, with many of these properties selling within days of going on the market.
"Our boutique estate agency is taking on the established players in Edinburgh estate agency by relentless focus on exceptional customer service from initial appraisal and valuation through to viewings and final sale. As a result we will be offering some exceptional properties for sale in 2022 and are forecasting strong growth for the year ahead.”
