2021 has been an incredibly busy year for the East Central Scotland property market. See if your district has been one of the winners in terms of property sales.
A quick note on the data used in this article.
All data included is supplied by Edinburgh Solicitors Property Centre (ESPC) January to November 2021, across Edinburgh, the Lothians and Fife. Districts have only been included where there has been a significant volume of property sales in that area, allowing us to be as representative of the market as possible.
If you are looking to move in the new year and interested to see how your local area performed, email us on [email protected].
Top 5 districts by sales volume
The districts that have had the highest volume of properties sold.
Dunfermline has been a popular place to live for many years. It has always offered a great blend of affordable housing, local amenities and commutable distance to Edinburgh. Over the past few years there has also been a large number of new build housing developments, which are now starting to filter through to the resale market, helping boost sales volumes.
Top 5 districts by average % above Home Report valuation
The districts that have achieved the highest % above Home Report valuation on properties sold.
- Hillside – 117% above Home Report valuation
- Joppa – 113% above Home Report valuation
- Dunbar – 112.8% above Home Report valuation
- Gullane – 110.9% above Home Report valuation
- Greenbank – 110.6% above Home Report valuation
Being right in the city centre, Hillside is a very popular district for those looking to live the city lifestyle. Being in such an attractive area, it is understandable why it tops the list for achieving the most over Home Report valuation. With the tram extension and new St James Quarter, there is also a lot of investment happening around the area.
Top 5 districts by growth in sales volumes
The districts that have had the biggest increase year-on-year in the volume of properties sold.
- Lochend – 340% increase
- Cramond – 183.3% increase
- Saughton – 146.2% increase
- Craiglockhart – 130.8% increase
- Granton – 129.5% increase
With an average selling price in 2021 of £189,983 Lochend is a reasonably affordable area in Edinburgh to live in. With close proximity to the popular area of Leith, it is understandable why it has been popular for property sales in 2021. The area has also had many new build developments built over recent years, which will be now filtering through to the resale market and helping to increase sales volumes.
Top 5 districts by increase in average selling price
The districts that have had the biggest increase in the average selling price of properties sold.
- Blackford – 38.7% increase in the average selling price. The average selling price in 2021 was £301,061.
- West End – 27.5% increase in the average selling price. The average selling price in 2021 was £549,976.
- Gullane – 22.9% increase in the average selling price. The average selling price in 2021 was £454,986.
- Willowbrae – 22.1% increase in the average selling price. The average selling price in 2021 was £336,096.
- Rosyth – 20% increase in the average selling price. The average selling price in 2021 was £149,527.
During 2020 many of us assessed our living circumstances. We saw an increase in those looking for easier access to outdoor space and larger properties. This is perhaps why Blackford has topped the list of the biggest increase in average selling price in 2021. It is perfectly positioned, with the Braids and Blackford hill, whilst also being close to Edinburgh amenities and providing large properties for sale.
Top 5 property types by increase in average selling price
The property types in districts that had the highest sales volumes in 2021
- Two bedroom flats in Leith
- One bedroom flats in Leith
- Three bedroom houses in Dunfermline
- Two bedroom flats in Corstorphine
- Two bedroom flats in Newington
In terms of property sales volumes Leith has been a top performer for many years and 2021 was no exception. Due to the nature of the geography of Leith, the majority of properties are one and two bedroom flats. This year we have experienced many first time buyers being able to secure their first flat in the area, alongside some short-term let investors selling their flats in the area.
Many different regions performing well in the property market
Reviewing the different winning districts for 2021 it is clear that whilst Edinburgh still remains a popular place to buy property, many other regions such as East Lothian and Fife have also been popular.
This shows the mixture of buying needs across the population, whether it is a city pad in Edinburgh, family home in Fife or coastal retreat in East Lothian.
It is however interesting to note that no districts in Midlothian or West Lothian made the top 5 lists. Many districts across these two regions have still been very popular in 2021, however other districts just pipped them to the post in the sales figures.
Moving home in 2022
If you are thinking of buying or selling a property MOV8 is perfectly placed to help. Our 5 star rated team of property experts can help guide you through each stage of the property process.
If you are thinking of selling your home or investment property, get in touch with us by calling 0345 646 0208 (Option 1) or by emailing [email protected] to organise a free valuation of your home or to get a full, transparent breakdown of the costs of selling your home.
If you are looking to buy a property as a home or investment, please call 0345 646 0208 (Option 2) or email [email protected] and we will be happy to help.