An interesting story on heraldscotland reports that Edinburgh is becoming a top destination for international buyers looking to relocate in the UK.
Estate agents are reporting rises in the number of foreign buyers thought to be due to it’s cultural scene, quality schools and universities and the concentration of financial companies with HQ’s in the city. Experts say that the UK is still seen as a safe economy and with the price of property in London rising, property in Edinburgh is seen as a good alternative.
Perhaps this helps to explain why our recent Scottish House Price Report shows Edinburgh bucking the trend in the rest of Scotland with selling prices exceeding asking prices?