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The residential property market in Scotland has remained remarkably resilient despite headwinds felt throughout the UK since the European Union referendum.

Edinburgh was selected as the UK city with the best prospects for economic growth in 2019 in the Vitality Index compiled by Lambert Smith Hampton. In the ten years between 2008-2018 the city s population grew by 12% and another 60,000 people are anticipated to move to the city by 2041.

Edinburgh city centre is expected to be one of the top performing residential markets in the UK over the next five years, according to JLL. A critical shortfall in supply continues to underpin values in the city, and house prices are expected to rise by over 18% by 2023.

The city has a distinct lack of proposed purpose-build private rental stock, given its above average level of private renters and proportionately young population. A third of Edinburgh s population is aged 15-34, compared with 25% across the UK, and a quarter of Edinburgh homes are privately rented, which is noticeably higher than the UK average of 16%.

Activity in the housing market in Q1 2019 was strong, with many residents and investors looking to buy. This resulted in properties being sold on average for approximately 6.3% above their listing price.

Sources: JLL, Savills

EDINBURGH

WHY INVEST IN EDINBURGH

AT A GLANCE

Projected Population Growth over next 5 years

4.3%

Anticipated Rental Growth per annum

3.1%

Estimated House Price Growth to 2023

18%