Hot Property – East Lothian’s Growing Market
By Sophie Duns.
East Lothian is becoming an increasingly popular place to live for people relocating from Edinburgh and further afield across the UK. A deeper delve into what the area has to offer quickly reveals the reasons for its desirability and explains the impressive rise in the property market there.
Firstly, it offers the perfect balance of rural living and easy commuting distance to Edinburgh City Centre – there are a number of efficient transport links with many towns benefitting from direct train access and regular buses into Edinburgh.
This has partly led to the market in East Lothian being up over the last few years with the average sale price going up by another 7% in the last year*. There are an increasing number of options for buyers across the county, with new build developments popping up in almost every town. Which is great news for both sellers and buyers, as it encourages new buyers and investment to the area.
For me it is no surprise East Lothian prices are still on the rise. Having grown up here and recently moved back to the area myself, I can vouch for what a fantastic place it is to live, and how much it has to offer.
From the Lammermuir Hills and The John Muir Way offering beautiful outdoor spaces to explore to the plethora of golf courses including the famous Muirfield, there are activities to suit everyone. Coupled with award winning butchers, fresh seafood and various distilleries, East Lothian’s larder provides delicious cuisine to compliment these surroundings.
That’s without mentioning the variety of festivals (including Fringe By The Sea, Dunbar’s Science Festival and The Air Show), Foxlake, popular schools and East Links Family Park – there are a lot of attractive possibilities to young professionals, families and retirees alike.
If this sounds like a tempting proposition, it is worth noting some of the highest increases in sales volumes over the last year have been seen across: North Berwick (8.6%), Dunbar (28.6%), Prestonpans (10.4%) and Gullane (12.2%). With East Linton (11.3%), Gullane (31.3%) and Prestonpans (13.7%) seeing the largest increase in average selling price*.
If you are looking to sell or buy in East Lothian and would like some friendly and knowledgeable advice and expertise, please don’t hesitate to get in touch.