Best Edinburgh properties decreased in value

The average price of the most wanted Edinburgh properties went down by 4.6 per cent in the Q3 of 2010.

According to the UK estate agency Knight Frank, the fall came after an insignificant rise in the value of the prime properties in Edinburgh during the first half of 2010.

The estate agency says real estate sellers need to start setting more down-to-earth prices for their properties if they want to make a profitable deal, especially when it comes to homes located on the outskirts of Edinburgh.

As for the prices of homes located closer to the centre, they haven’t changed much. Drop in value of Edinburgh's prime properties proves that there is the need for objective pricing. In general, properties that have decreased in value the most are those valued at more than £2m.
 


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