May News Bulletin

May News Bulletin

Rising demand for property in central Edinburgh keeps prices going upward

Property Wire reports prime property prices in Edinburgh increased by 1.1% in the first quarter of 2017, taking annual growth to 3%.

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Cullen Property opinion:
The price growth has been underpinned by an all-time high demand for property in Edinburgh. Whether you are an investor, first time buyer or tenants, the demand is soaring. We have a property portfolio of almost 400 properties across Edinburgh, and every property is currently occupied or let to tenants about to move in, meaning our properties have 100% occupancy! The lack of properties we have on the market helps reflect the growing demand for quality properties in Edinburgh.

Research finds new tram routes in cities boost nearby house prices

Property Wire reports Edinburgh, Manchester, Nottingham and Birmingham have all seen the effect with properties near new tram stops seeing prices up by an average of 12% in the first two years of the lines opening.

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Cullen Property opinion:
Properties near improved transport links, especially trams, have seen significant price growth. The Edinburgh tram route from Edinburgh Airport to the city centre (York Place) opened in 2014 and since then, the average house price along this this route has increased by 10%. We have many properties on our portfolio located here and there are further talks of the tram line developing down Leith Walk over the next few years. Not only would this be a great transport addition to Leith, but it would help improve property prices in and surrounding Leith Walk. If you are an investor and Leith has never been on your Edinburgh property radar before, then it may well be worth a look as a potential BTL property location. Our most recent property investment opportunity is situated on Leith Walk, click here to view.

Expat buy-to-let lending for UK property is on the rise

Property Reporter reports there has been an increase in the number of enquiries from expats into buying-to-let in Britain.

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Cullen Property opinion:
Many of our investors and landlords are expats, and those who have a connection to Edinburgh through family or education find property here to be a popular investment choice. The Brexit effect has also created an opportunity for many expat investors, making Edinburgh property a more accessible investment choice as foreign currency is now strong against the pound.

More investment planned for Edinburgh after St James

Edinburgh Evening News reports the head of the company behind the massive St James redevelopment says he is ready to bring further new investment to Edinburgh – creating jobs and boosting the Capital’s economy.

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Cullen Property opinion:
With new investment creating more jobs and boosting the Capital’s economy, property prices in Edinburgh will also increase. Due to these recent and upcoming investment and development plans, Edinburgh is becoming an increasingly more popular place for people living and investing in. If you are interested in investing in Edinburgh property, why not sign up to our investor newsletter to receive all the latest Edinburgh property insights?

(Image courtesy of Edinburgh St James)

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