@mattj905 In previous reports, they've been able to break down exactly what sorts of properties and in what areas have been most popular, have had differing times to completion, have achieved a certain amount over HR - so personally, I can well believe the ESPC has enough data to know whether this is the case or not. Whether that is published however, is a different matter. Recently, every month there has been a reduction or a flatline in average sales prices, yet a few different reasons that "could" explain why that would be the case and still leave a sunny outlook on the market. when it was up, up, up back in 2021/22, the claim was that buyers are competing to get their home and the market is very strong - when the data shows a decline in prices, all these reasons without any accompanying data backing them up suddenly start coming out the woodwork. I also agree on the HR point. One recent poll was from RICS about the outlook for the next year or so, and the surveyors could be placing much more realistic prices on the valuations and still have buyers bidding a bit over. Without having those numbers to hand it's not possible to say but it's perfectly plausible. My overall advice is to take these reports with a massive pinch of salt. It's the difference month-to-month that is more interesting to me than what they are actually saying, as, like most entities in property, who are the ones collating and then reporting on the data, the ESPC aren't unbiased.

@@bensouthall2612yep this pretty much sums up how I felt about it. I can see the data they have on sqftage, average prices in areas etc and would really appreciate more transparency and detailed analysis as to what is going on but I watch most of the market pretty closely and as sold prices are published it’s starting to become clearer. On one hand, I see some properties on the market now that seem almost reasonable and equally I see absolutely horrendous prices…often from the same surveyor, or listed by the same agents, it just seems laughable when the relative value clearly isn’t there in some listings. It feels like there’s still about 5-10% further for prices to fall across the majority of Edinburgh proprieties, that is if rates don’t increase further and the economy doesn’t really start to tank

Hi @mattj905, thanks so much for your comment, we are glad to hear you enjoy our House Price Reports and find them useful. To answer your question, in our latest House Price Report (October 2023) we discuss the rise in smaller properties on the market affecting house price data in some areas, and how the current financial climate is affecting buyers' affordability when it comes to making bids over Home Report valuation. We have also reported on a rise in fixed price listings, which we've seen consistently in recent months and isn't uncommon in a slower market, especially with the financial climate being as it is. Regarding Home Report values, every sale is unique of course and changes to pricing may be due to the owners' individual circumstances - our data currently shows an increase in Home Report values, but this can vary from region to region and from month to month.

Thanks very much for your comment @bensouthall2612, we are glad to hear you find our reports interesting. We try to cover a broad range of topics in our House Price Reports and this means that the subjects we report on month to month can vary, depending on what we feel is most valuable to our audience. We aim for our reports to offer a neutral view of the current property market, highlighting news that is both good for sellers and buyers where we can.

Hi Chandru, For the most up to date information on the rental market, we recommend getting in touch with our experts at ESPC Lettings. You can reach out to them here: espc.com/services/lettings Thanks, Keryn

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