The historic core of the capital commands a significant premium and prices per square foot achieved at a number of high profile developments in the best locations continue to break new thresholds.

These include the performance of City and Country and CALA developments at Donaldson’s and the soon to be completed Quartermile development with prices per square foot on average at £616 and £555 respectively on average, with some units exceeding this. Miller Homes’ townhouse development on Suffolk Row, Newington is demonstrating that new homes can fulfil demand from London and further afield for family homes in the city.

These superior specification developments are setting the tone for the rest of the established popular neighbourhoods of Stockbridge, Comely Bank, Newington and Morningside, which have witnessed average prices per square foot exceed £425, and on occasion head toward £500.

Some areas, are benefitting from available land and the eastern route to Leith and Portobello is proving very popular for development, being slightly more affordable yet well connected. Such sites are achieving an increasing premium, with average prices per square on the cusp of £300.

Granton has seen little activity recently, but is poised for considerable development, which will be priced below the in-demand markets of Leith and Portobello, whilst offering waterfront living.

The area along the bypass has a number of sites in the pipeline, primarily targeting the family market. These will generally fall into two categories: attainably priced and premium family.

Sites within Burdiehouse and the Wisp have proven a strong demand for attainable, family homes. The availability of Help to Buy on some of the starter units has been very well received and helped these sites achieve rates of sale in excess of four per month and average price per square foot of £240 to £280.

Planned and active regeneration developments, including Urban Union’s Pennywell, Keepmoat’s Sighthill and Places for People’s numerous sites across the city are ensuring a pipeline of attainably priced homes.

Meanwhile the availability of Golden Share, shared equity properties at a number of other developments, give an entry point in a city where affordability could become increasingly stretched.