Property Prices in Edinburgh by Type
| No. of properties | Average price | |
|---|---|---|
| Flat | 1,245 | £322,566 |
| Terraced | 135 | £467,829 |
| Semi-detached | 203 | £365,119 |
| Detached | 229 | £661,719 |
Is it expensive to rent in Edinburgh?
Edinburgh, IN Rental Market Trends
The average rent for an apartment in Edinburgh is $523. The cost of rent varies depending on several factors, including location, size, and quality.
What is the average price for a flat in Scotland?
Average price change by property type for Scotland
| Property type | December 2021 | December 2020 |
|---|---|---|
| Detached | £330,461 | £283,118 |
| Semi-detached | £191,695 | £169,648 |
| Terraced | £152,657 | £136,193 |
| Flat or maisonette | £122,189 | £115,405 |
What is the average cost of a house in Edinburgh?
The most expensive place to buy in Scotland remains Edinburgh. The nation’s capital now has an average house price of £293,406 – up 7% or £19,160 on last year.
Scotland’s 2021 house price winners revealed.
| Town | Edinburgh |
|---|---|
| Average House Price 2020 | 274,246 |
| Average House Price 2021 | 293,406 |
| 1 year change £ | 19,160 |
| 1 year change % | 7.0% |
Where can I find a cheap flat in Edinburgh?
The Best Websites to Help You Find a Flat to Rent in Edinburgh
- Gumtree. Gumtree is the easiest and fastest way to find a room to rent in Edinburgh.
- Roomgo.
- Spareroom.
- Craigslist.
- Citylets.
- Rightmove, Lettingweb and ESPC.
- Haymarket.
What salary do you need to live in Edinburgh?
According to the residents in Scotland, having a £35,000 monthly annual salary or £2,259 monthly after-tax is more than enough to live comfortably in the country. With a £35,000 monthly income, you could pay for rent in a spacious apartment, groceries every month, and daily transportation costs.
Where do the rich live in Edinburgh?
Bruntsfield/Morningside
This attractive leafy neighborhood is one of the most affluent in Edinburgh.
What is the cheapest city to live in Scotland?
Campbeltown in Argyll and Bute offers the most affordable properties in the UK at an average of just £91,201, the analysis of Land Registry house price data showed.
Is it cheaper to live in a flat?
Generally speaking houses are more expensive. They have more space, less noise etc. Flats are also usually leasehold so have the burden of ground rent and service charges. If you can find a freehold house for the same price as a leasehold flat I’d choose the former everyday of the week.
Is it cheaper to live in Scotland or London?
Cost of Living Comparison Between Edinburgh and London
You would need around 5,015.33£ in London to maintain the same standard of life that you can have with 3,500.00£ in Edinburgh (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.
Is living in Edinburgh expensive?
The average cost of living in Edinburgh is $1695, which is in the top 24% of the most expensive cities in the world, ranked 2213th out of 9294 in our global list, 37th out of 277 in the United Kingdom, and 1st out of 21 in Scotland.
Where is the cheapest place to live in Edinburgh?
Leith. Leith is one of the most affordable areas to live in Edinburgh. It’s been a desirable area for some time . Previously a separate town, Leith became part of Edinburgh in 1920- but still retains a separate identity which a unique character.
Is it cheaper to live in Edinburgh or London?
The cost of living in Edinburgh is 39% less expensive than in London. Cities ranked 2213th and 65th ($1695 vs $2759) in the list of the most expensive cities in the world and ranked 37th and 2nd in the United Kingdom.
Why is it so hard to get a flat in Edinburgh?
Finding a flat to rent in Edinburgh can be a stressful experience for tenants. There are not enough quality properties to meet tenant demand; rents are high, competition is fierce, and it can feel like a frenzy for tenants trying to secure the right property.
Where are the rough areas in Edinburgh?
Here are the eight worst Edinburgh areas for crime:
- Market Street.
- Leith Street.
- The Cowgate.
- Dean Village.
- Tollcross.
- Wester Hailes.
- The Old Town.
- Craigmillar.
Is now a good time to buy a flat in Edinburgh?
Buying property is a long-term game
The present low interest rates for first-time buyers means that there are some very low mortgage deals available for those with a decent deposit, making it a good time to buy an Edinburgh property, especially if you fix the interest rate.
What is classed as low income in Edinburgh?
What is low income. Low income means your individual pay is less than or close to £1771.25 per month before deductions. Or you claim one of these benefits or payments: Universal Credit.
How much does a single person need to live in Edinburgh?
A single person estimated monthly costs are 790$ (688£) without rent. Edinburgh is 41.82% less expensive than New York (without rent).
Cost of Living in Edinburgh.
| Restaurants | Edit |
|---|---|
| Meal for 2 People, Mid-range Restaurant, Three-course | 60.00£ |
| McMeal at McDonalds (or Equivalent Combo Meal) | 6.00£ |
| Domestic Beer (1 pint draught) | 4.50£ |
How much does it cost to live in Edinburgh per month?
They have estimated overall living costs at an average (lower-range) total of £695 per month: Unsurprisingly, accommodation is the biggest spend for students in Edinburgh per month at an average of £425.
Do any celebrities live in Edinburgh?
From writers and actors to comedians and musicians, Edinburgh has been home to plenty of celebrities.
Who is the richest person in Edinburgh?
The 10 billionaires at the head of the 2022 Rich list have a combined wealth of £23.054bn – more than a quarter of this is in the hands of Mr Holch Povlsen.
The 10 wealthiest people in Scotland
- Lady Philomena Clark and family (Arnold Clark; £1.267bn)
- Trond Mohn and Marit Mohn Westlake and family (Industry; £1.245bn)