Capital flat sales soar by 16.5%

The property market is showing signs of recovery
The property market is showing signs of recovery
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FLAT sales in the Capital have enjoyed an “extremely positive” upturn after recording a 16.5 per cent increase compared with last year.

Experts said this summer had also seen a number of properties in Edinburgh selling for more than their asking price.

Across Scotland, there were 1491 more sales between April and June, compared with the same period last year, worth more than £3 billion, according to Registers of Scotland (RoS).

Sales volume increased 8.1 per cent on a year ago, while the value climbed from £2.8 billion.

The increases came as the average price of property fell by 0.3 per cent over the year to £153,102, RoS said.

According to estate agents CKD Galbraith, more confidence is returning to the market.

Head of residential property Simon Brown said: “We have seen more stability and confidence throughout the country. Both buyers and sellers appear to be comfortable with where the market currently stands.”