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Thanks Muswell Man I love your analysis. You must be an engineer or an Actuary!. Ok Let me have a go with this: http://www.espc.com/properties/details.aspx?pid=312152&sid=11453485251 They want OO 290 and it is about 70 sq meters. So that puts it in about $4,142 psm.

I have noticed exactly the same effect. There are a lot of solid family homes that seem like reasonable value. However there are a lot of overpriced flats particularly in the Marchmont area. For example, I think this is a nice flat but a tad ambitious price, http://www.rightmove.co.uk/property-for-sale/property-33920257.html Good luck if they sell it for that. It proves the old axiom - sellers rarely know the market value of their property but buyers do.

Ok no more negativity.... Here is a house that I think looks like reasonable value http://www.rightmove.co.uk/property-for-sale/property-22685751.html Wish I had that kinda money

Savills has one directly below that is about 1,750 sq ft. I used those numbers. N.B: Savills also seem to be offloading all of their investment properties in Edinburgh. It all has that bland look with a dash of purple. Do they know something that we poor mortals don't.?

Ha ha, yes that Cumin Place is having a laugh. However for the Scotland Street flat - Why buy that when I can get this nice flat on Northumberland Street for OO 450K and it is about 180 square meters? http://www.espc.com/properties/details.aspx?pid=311829&sid=10741797925

Aghhhhh... Over 600K to live in a dungeon http://www.espc.com/properties/details.aspx?pid=306900&sid=10735444331

Ok I think we have a winner for the most delusional price. OO 565K for the half kitchen in this gem. http://www.primelocation.com/uk-property-for-sale/details/id/SPEH_EDN110235/ I mean what are these people smoking FFS. That is one million dollars for half a kitchen. What clown valued this property!

Hi lulus: I think you would be crazy to shell out 430K for Quartermile. Why not look for a 2 bed flat in Marchmont for 250K plus residents parking? Although these flats are old they have withstood the test of time. Plus it is a short walk across the meadows plus good pubs/cafes in the area. Quartermile is for rich Londoners with kids at Edinburgh University or Russians in leather jackets!

Thanks -- makes more sense, but I think the EA could have been a little clearer on the title. Let me try another: http://www.espc.com/properties/details.aspx?pid=307749&sid=2071532549 This is above a shop on Stockbridge but they want Fettes row prices. Plus the pictures make it look like it was made by Hobbits This will NOT sell at this price. Why bother?

Ok I do not know if this has been started but I think it is worthwhile to show some of the gems on offer. I'll start with this one: 350K for a 1 bed flat in poor condition: http://www.rightmove.co.uk/property-for-sale/property-32823847.html Am I missing something here?

The information is first hand anecdotal from a few EA's (sorry!) - but is backed up by what I found online... (1) The Time on the Market is off the charts... I believe that it is taking on average approximately 200 days to sell. This is almost double what it has been last year and is rising. http://www.home.co.uk/guides/time_on_market_report.htm?location=edinburgh&all=1 (2) The referendum is scaring the life out of foreign EURO buyers who were buying into the Edinburgh market as a currency hedge. They will not do this now, too much risk. There was a lot of sales in the New Town in December and I believe this may have been foreign buyers getting their money out of Euros. I know a few EURO property investors who have taken Edinburgh off their list. (3) There has almost been no sales in the first 2 weeks of January (ok it is a slow time...) but ONLY a couple of sales is unprecedented. This is easy to see from ESPC and Rightmove. There has been a few more sales this week but overall very few. The times they are a changing...

Hi ccc -- you might want to think about holding off buying in Edinburgh. My take is that the market here is changing and we will see a sharper fall in the next six months. Here is why: (1) The Time on the Market is off the charts... I believe that it is taking on average approximately 200 days to sell. This is almost double what it has been last year and is rising. (2) The referendum is scaring the life out of foreign EURO buyers who were buying into the Edinburgh market as a currency hedge. They will not do this now, too much risk. There was a lot of sales in the New Town in December and I believe this may have been foreign buyers getting their money out of Euros. (3) There has almost been no sales in the first 2 weeks of January (ok it is a slow time...) but ONLY a couple of sales is unprecedented. Hang in there.......