The Property Market in Edinburgh
Edinburgh, the capital of Scotland, has transformed into a thriving hub for business, education, and tourism, attracting individuals from all around the world. The city is conveniently located just 332 miles north of London, accessible within 1 hour and 20 minutes by air or in under 4 and a half hours by train.
Edinburgh's unique sandstone architecture, green spaces, and extensive history have earned the city UNESCO World Heritage status, making it one of the most beautiful cities in the world. The charming New Town area, covering over 450 hectares, is characterised by vast Georgian terraces dating back to 1767. It is no surprise that Edinburgh is frequently voted one of the world's best cities to live in.
As a major capital city, Edinburgh benefits from continued investment and confidence from some of the largest and fastest-growing companies in the world, such as Amazon, Microsoft, and IBM.
History & Culture
With a history spanning well over 1000 years, Edinburgh's rich heritage attracts over 5 million visitors per year (2019), making it one of the most visited cities in the UK after London. The city boasts an abundance of theatres, galleries, and museums to showcase the region's very best arts and culture.
The Edinburgh Festival Fringe, the largest arts festival in the world, began in 1947. Spanning the entire month of August, the festival saw almost 50,000 performers participate in 3,334 shows in 2022, with over 2.2 million attendees.
The Scottish National Gallery opened in 1859 to make art accessible to all. The gallery houses world-renowned work from the likes of Da Vinci, Matisse, and Van Gogh amongst its vast collection. Edinburgh's most famous landmark, Edinburgh Castle, sits proudly upon Castle Rock looking over the city centre. Parts of the castle are more than 1000 years old, and it remains one of the most popular attractions in Scotland, welcoming 2.2 million visitors annually.
Economic Growth
Edinburgh is a powerhouse within the Scottish economy, as well as the wider UK economy. A key driver of Edinburgh's sustained economic growth includes the city's highly skilled population. The city's status as an international hub for financial services and a centre for science and technology, coupled with its strong higher education sector, has made Edinburgh attract the most foreign direct investment of any other city in Scotland.
Edinburgh excels in a broad range of sectors, from data science and cybersecurity to renewable energy and stem cell research. Moreover, the city produces one of the highest rates of successful business start-ups in the UK in various fields. With 638 high-growth companies employing an estimated 24,000 people, just under half in the technology sector, the culture of entrepreneurship has led Edinburgh to be the UK Entrepreneurial City of the Year and a Global City of the Future.
If you're looking for apartments in Edinburgh, the city offers a wide range of options to suit different budgets and preferences. From modern studio apartments to spacious luxury flats, Edinburgh's property market has something for everyone. For those interested in luxury apartments in Edinburgh, there are several high-end developments throughout the city that offer premium amenities and stunning views. Here is one such property for sale in Edinburgh that Magnate Assets has in its network of major developers.
Completed Properties
Developments Map View
GDP has grown by a considerable 157% since 2000, totalling GBP29.4 billion as of 2021.
With a resilient knowledge-based economy, productivity is high - averaging over GBP70,000 per worker.
Edinburgh is a global hub for education and is home to 6 universities.
The City Plan 2030 identifies 15 major new development areas to be the focus of regeneration across the city.
8% Increase in Values in the past 12 months