Capital house prices on the up

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THE Capital’s housing market has continued to defy nationwide trends, after property prices rose in the second 
quarter of the financial year.

Registers of Scotland said that despite housing prices falling by 2.3 per cent across Scotland, the average price of a home in Edinburgh rose 1.4 per cent to £228,719 between July and September.

More than 2000 properties were sold in Edinburgh during the quarter. Rhona Mackay, Registers of Scotland’s head of commercial services, said: “The Capital city remains the most expensive area in Scotland to purchase a property, with the average cost of a home rising modestly by 1.4 per cent compared to the same period last year.

“In East Lothian, average values rose by 4.1 per cent, while there were drops in 
Midlothian and West Lothian.”