Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

House prices in parts of Fife rise by more than 26% in one year, property firm reports

cap
cap

Research by property experts ESPC has shown houses in East Fife jumped a remarkable 26% in price in a year — more than three times the average of other homes in the area.

The real estate agency looked at property price increases year-on-year in Fife, Lothians, Edinburgh and the Borders, comparing May to July last year with those three months this year.

The overall average selling price of homes in Fife, Lothians, Edinburgh and the Borders rose 7.6% year-on-year, to £275,623.

Houses in East Fife, which includes towns such as Elie, Anstruther and St Andrews, saw the biggest jump.

Properties there surged 26.1% to £268,017 on average.

East Fife higher than other parts of Kingdom

These were drastically higher than other areas in the Kingdom.

West Fife and Kinross’s prices rose by just 2.3% to an average of £195,311 in the same time period.

Dunfermline saw an increase of 6.1%, with an average price of £191,249.

The Fife town also had the second-highest number of properties for sale of any area, behind Leith in Edinburgh.

Both are “attractive locations for first-time buyers”, said ESPC staff.

People are also buying houses quicker this May to July than they did last year in the four regions of Scotland surveyed.

The race to secure a purchase intensified as the market grew more competitive, the firm said.

The average sales time across the four regions is now just 14 days – eight days quicker than the same period in 2020, with homes in West Fife and Kinross selling in 12 days on average.

Paul Hilton, CEO of ESPC, said: “It’s been another busy quarter for the property market, with sustained growth across many areas, including in the average selling prices of property, and the amount over Home Report valuation that buyers are willing to pay.

‘Demand continuing across the market’

“With more homes coming to market, and more sales than in 2020, and faster sales at that, we can safely say that demand is continuing across the market in all areas, for buyers and sellers at all stages.

“The trend for three-bedroom family homes in the popular suburbs of Edinburgh, and the surrounding commuter-friendly towns of East Fife, East Lothian and Midlothian, continues to rise as buyers seek more space to call their own.

“For buyers looking to start their property journey, now could be a great time to consider buying a home in Leith or Dunfermline, where there are plenty of fantastic and affordable options available and less competition for buyers to secure their ideal home.”