Leith is now one of Edinburgh’s most vibrant and characterful areas and has firmly established itself as a hotspot in the city’s property sales market. With its unique blend of history, culture, and now modern urban living, it’s no surprise that buyers and investors alike are flocking to this thriving community. But what exactly is it about Leith that makes its property market so appealing?
THE APPEAL OF LEITH
Leith has undergone a major transformation over the years. While it retains its historic charm with cobbled streets, waterfront walks, and old tenement buildings, the area has seen significant regeneration. Trendy cafés, artisan restaurants, boutique shops, and the cultural pull of The Shore have made it a desirable place to live for both young professionals and families.
What’s more, Leith’s excellent transport links—just minutes from Edinburgh’s city centre, alongside easy access to the city’s tram network, which has transformed this part of the city, make it highly attractive for those who want city living without the steep price tag of the New Town or Stockbridge.
MARKET TRENDS
Leith’s property market continues to be one of the most buoyant in Edinburgh. Average house prices have risen steadily in recent years, reflecting the area’s rising popularity. According to recent data, flats, particularly those in classic Leith tenements, are in high demand. One and two-bedroom properties in this area are snapped up quickly, often going for above the home report value. From March to August this year, 2 bedroom flats in Leith were the most popular properties to sell in the city as buyers clambered to secure these properties, and 1 bedroom flats in Leith were a close second. Buyers paid the highest premium above valuation in Leith and surrounding areas in the East of the city; 103% over valuation.
For sellers, this is fantastic news. Leith’s competitive market means that well-presented properties are seeing a healthy number of offers, often after just one or two viewings. That said, Leith remains one of the more affordable areas, making it an attractive option for first-time buyers looking to get on the ladder.
WHAT’S DRIVING THE DEMAND?
Several factors contribute to the demand in Leith’s property sales market. Firstly, it’s all about location. Leith offers a unique combination of the historic and the modern, with fantastic local amenities and the tranquil Leith Links park just around the corner. The area’s vibrant arts and dining scene is a major pull, with popular restaurants such as The Kitchin adding to its appeal.
Furthermore, the ongoing developments around the waterfront are adding even more interest. New-build apartments and commercial spaces are injecting fresh energy into the area, making it a prime spot for future growth and investment.
ADVICE FOR SELLERS AND BUYERS
For those looking to sell, it’s a good time to put your property on the market. Leith’s popularity shows no signs of waning, and with so many buyers competing for limited stock, now could be the perfect moment to take advantage of the market conditions. Ensuring your property is well-maintained, and highlighting its proximity to transport links, local amenities, and Leith’s lively cultural scene, will help maximise your return.
For buyers, the key is to act quickly. Leith’s properties move fast, so being prepared to make an offer as soon as the right property comes along is crucial. Working with a knowledgeable estate agent who understands the market will give you an edge in securing your ideal home.
LOOKING FOR A LEITH ESTATE AGENT?
Leith’s property sales market is one of Edinburgh’s most dynamic and exciting. Whether you’re a seller looking to make a good return or a buyer eager to join this thriving community, there’s no denying that Leith is the place to be right now. With its rich history, modern amenities, and continued growth, it’s a neighbourhood that offers a fantastic blend of lifestyle and investment potential. If you’re a seller looking for a Leith Estate Agent, just visit our Leith branch at 94-96 Brunswick Street where our estate agency team will provide you with a desktop valuation of your property and will answer any questions you have around the sales process. Alternatively, just use our online valuation tool to get an instant valuation of your property.