For property sellers, 2016 has seen the strongest conditions in Edinburgh since the downturn in 2008 and as we head towards the end of the year there appears to be little sign of things slowing down. Selling times continue to shorten and the premiums that properties are achieving over Home Report valuation are rising.
That having been said, downside risks remain in the market. While we have yet to see the EU Referendum have an impact on the local market, it is possible that once the terms of the UK’s exit begin to be negotiated and dominate the headlines we will see a degree of uncertainty return.
Given the current strength of the market however, a cooling in demand may be no bad thing as it will allow inflation across the city to ease back to levels that are more sustainable levels.