02 Oct Property Market Sept ’18 – Edinburgh & the Lothians
There are signs that in Edinburgh and Lothians that the property market has started to cool slightly after an amazing summer. This is likely due a combination of factors including an unusually hot summer and schools back after the summer holidays.
However, levels of activity did return to a healthy, normal level in early September with buyer demand significantly outstripping supply of properties coming to market and we imagine there will be a very strong last few months of the year.
During the second half of last month, there was a huge increase in the number of properties coming onto the market compared with August. While we expect throughout December, the number of properties coming for sale will decrease naturally for the time of year, we anticipate that October and November will be strong with a huge amount of pent-up buyer demand waiting to take advantage of sellers bringing their properties to the market. The number of homes available for sale should be higher than we saw at the end of 2016 and 2017, giving buyers a little more leverage in negotiations than they have had recently.
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