Prime homes buck trends

Published on 21/01/2013 12:00

THE Capital’s prime property market is showing resilience even as national values continue to fall, new figures show.

Data from property consultancy Knight Frank revealed prices in Edinburgh remained stable in the final three months of last year, with no change reported between October and December. And there was a slight rise – 0.4 per cent – in values over the last 12 months.

Across Scotland, average values of prime property fell one per cent in the final three months of last year, taking the annual drop to 2.7 per cent.

Matthew Munro, partner in Knight Frank’s Scottish residential department, said that although Edinburgh’s prime residential market remained static, there had been a significant increase in turnover among properties worth up to and around £1 million.