Property market data - key points

  • Between February and April 2021 the average selling price in Edinburgh, the Lothians, Fife and the Borders rose by 8.9% year-on-year to £256,790.  
  • During this period in these areas, the median selling time was 25 days, two days faster than last year.  
  • From February to April 2021, homes in Edinburgh, the Lothians, Fife and the Borders achieved an average of 102.4% of Home Report valuation, compared to 102.7% last year.  
  • The number of properties coming to market over the last three months was considerably higher than the same period in 2021, which is to be expected given the tight lockdown restrictions in 2020.  
  • Similarly, property sales volumes in these areas were considerably up on the same period in 2020, up by 128% in 2021.  

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Property sales volumes continue to rise in Edinburgh, the Lothians, Fife and the Borders 

Over the last three months, the volume of properties sold in Edinburgh, the Lothians, Fife and the Borders has been considerably higher than last year, up 128%. However, given the tight lockdown restrictions implemented in March and April 2020 this is to be expected. Looking further back and  comparing to February to April 2019, the volume of property sales in the area was up 35.95%, further highlighting the high levels of activity in the market over the last three months.  

This increase in sales volume is witnessed across all areas. In Edinburgh, the home sales volume was up 152.6% compared to 2020 and up 36% compared to the same period in 2019. Midlothian has witnessed some of the highest increases in sales volume, up 93.2% annually and up 38.9%  compared to February to April 2019. East Lothian saw an annual increase of 86.1%, with an increase from 2019 of 33.9%. 

There has also been a strong increase in the number of new homes coming to market in comparison to last year. Again, given the tight restrictions last year this is to be expected. Across Edinburgh, the Lothians, Fife and the Borders there was an increase in homes coming to the market of 71.5% compared to the same period last year. This was an increase of just 0.8% compared to 2019 highlighting the impact that the COVID-19 restrictions had on the property market last year.  

Confidence from buyers and sellers remains strong 

The volume of properties coming to the market suggests good confidence from sellers as lockdown restrictions are eased further, with the strong sales figures highlighting buyer demand.  

Over the last three months, the average selling price of properties in Edinburgh, the Lothians, Fife and the Borders rose by 8.9% compared to the previous year. In Edinburgh, the average selling price was £272,488 up 8% on the same period in 2020.  

Homes in East Fife saw prices rise by 15.5% year-on-year with an average selling price of £241,651, while properties in Midlothian recorded a 12% increase in average selling price. Average property prices in the Scottish Borders rose by 9.5% compared to the previous year.  

In West Fife and Kinross, the average selling price was up 5.4% on the same period last year, whilst East Lothian saw an average selling price increase of 4.4% to £266,715. Selling prices in West Lothian were remarkably similar to the February to April 2020, at an average of £206,240. 

Three bedroom houses in Liberton and Gilmerton experienced a 23.4% increase in average selling price compared to last year, with three bedroom houses in Currie, Balerno and Juniper Green seeing average selling prices increase by 20.8%.  

We continued to record a drop in average selling price for homes in Blackhall, Davidsons Mains and Silverknowes. As noted earlier this year, this is due to a greater proportion of lower value homes coming to market this year.  

The average percentage of Home Report valuation achieved in Edinburgh, the Lothians, Fife and the Borders was 102.4%, which was very similar to the same period last year (102.7%).  

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Median time to sell decreases in all areas apart from Edinburgh 

Across Edinburgh, the Lothians, Fife and the Borders the median time to sell was 25 days between February and April. This was two days faster than last year. In Edinburgh, however this increased to 28 days which was six days slower than last year.  

All other areas witnessed a decrease in the median time to sell. Properties in East Lothian recorded the largest change, decreasing from a median time to sell of 39 days between February and April 2020 to just 17 days in the same period in 2021, a reduction of 22 days. Homes in West Lothian and the Borders also experienced a large decrease in the median time to sale of 20 and 19 days respectively.  

Paul Hilton, CEO of ESPC, said: “This has been a busy three months in the local property market, with a high volume of homes selling alongside a reduction in the median time to sell. We’ve been witnessing high levels of activity in the market since the re-opening of the property market last June but the figures this month really highlight the difference this spring compared with last.  

“The particularly strong increase in sales in East Lothian and Midlothian perhaps demonstrate the continued spotlight buyers are placing on their next home, perhaps some seeking more room for outdoor space or extra living space.  

“We anticipate interest in the property market remaining strong in the coming months, as lockdown measures are eased further with progress to the new normal eagerly anticipated. This could be a good time for people considering a move, and for those thinking about making a move I’d recommend speaking with a solicitor estate agent in the first instance to get the best introduction to the market.” 

Find out more

Find out average property selling prices for different areas and property types in our house price table.

See data for previous months and years in our historical house price spreadsheet

Want to find out more about our House Price Reports? Read our House Price Report FAQs.

ESPC is the home of property and we're here to help you with every step of your home buying and selling journey. If you're thinking of buying or selling a property soon, you can make use of our free phone service to be put in touch with a property expert to help answer your questions. Sellers can also get a free property valuation with ESPC agents