Holyrood and Finnieston chalk up the fastest-rising house prices in Scotland

Edinburgh property market

A report published by Barclays shows that regional cities have overtaken London when it comes to annual house price inflation, with jobs growth and attractive affordability boosting demand and pushing up prices.

Bad news for first time buyers who have always struggled to get on to the property ladder in Edinburgh, but good news for sellers or investors.

The EH2 postcode area covering Holyrood, The New Town and the central commercial area of Edinburgh which includes Princes Street, has experienced a 14% increase in prices, compared to an average 7% increase in the rest of the city. As of July, the average EH2 home was worth £372,592, compared to £325,595 a year earlier.

Latest government figures have shown a slow-down in house price growth, with an average UK increase of just 0.4% in September, however once again Edinburgh seems to be reversing this trend.

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