There is no denying that property investment in cities such as Manchester, London and Liverpool should be the next step in your property portfolio. However, it seems that there is an underdog that has been slowly emerging unnoticed: Scotland’s capital, Edinburgh.
There is no denying that property investment in cities such as Manchester, London and Liverpool should be the next step in your property portfolio. However, it seems that there is an underdog that has been slowly emerging unnoticed: Scotland’s capital, Edinburgh.
The Scottish capital is a thriving hub for both the property market and the fund management industry with the likes of Abrdn, Aubrey Capital and Baillie Gifford- who are currently looking after £362bn of investor’s money, located just a few minutes away from the city centre.
With this investment opportunity and support from the titans of the fund management industry, it should be no surprise that Edinburgh has recently been ranked as fourth across Europe for the competitiveness of its financial community. The total managed assets throughout Scotland accumulates to £690bn, a staggering £100bn increase from 2021 with most funds being located in Scotland’s rising capital.
Property Investment
Another positive for the Scottish capital is the 3.3% year-on-year increase of property prices in Edinburgh. Whilst there are questions regarding affordable house prices, the demand for housing is holding strong. Focusing on sales listings within January – March 2022, the data shows a rise of 2.1%. For example, a three-bedroom house in Cramond rose by 31.6% with an average selling price of £508,033. This increase can also be seen elsewhere with other property prices rising by 21.6%.
With this information, it is reasonable to wonder if Edinburgh will stay the course of it’s current rise. Fortunately, it is safe to assume that it will. In the last 10 years the population of Edinburgh has increased by 12.3%, from an estimated 469,930 to 527,620. The trend is seemingly continuing with an estimated yearly population increase of 1.03% moving forward. Meaning that there will be a yearly increase of potential property buyers.
In summary
Whether you have money in property, a savings account or a pension, it is no wonder why Edinburgh is such a popular place to invest for both new and seasoned investors. The ability to accumulate safe investment within property in a rising area alongside some of the most renowned fund management services provides an exclusive opportunity to diversify and manage your portfolio all in one place.
