Edinburgh Winter 2024 Flat Rental Market Update

4ish pm in November 2024, Teviot Square by the University of Edinburgh.

As of November 2024, Edinburgh’s flat rental market remains competitive, with prices continuing to climb compared to last year. One-bedroom flats (apartments) in the city center now average £1,106 per month—a 4.2% increase year over year—while two-bedroom flats reflect similar growth. Though demand still outstrips supply, the pace has eased since summer, when properties were snapped up in just 14 days on average. Now, it’s closer to 20 days, giving renters a bit more breathing room to secure the right home.

This summer, most of my clients moved into flats (apartments) within 21 days on average. With the market slowing slightly, I now anticipate timelines closer to 20–30 days. That said, I always work hard to get clients into their new homes as quickly as possible. My record is seven days—though that was under exceptional circumstances. My goal is to make the process smooth and stress-free while prioritizing finding the right home quickly.

HOuse Hunting in Edinburgh's Winter: Tips for Finding the Right Flat

Winter presents unique challenges when searching for a flat (apartment). Here are some tips to help you navigate the season:

1. Prioritize energy efficiency. Heating is expensive, and with rising costs, it’s worth seeking properties with good Energy Performance Certificate (EPC) ratings. Homes with higher EPC ratings are better insulated and retain heat more effectively. Double or triple-glazed windows can also make a big difference in keeping energy bills manageable.

2. Inspect for cold-weather issues. Winter highlights property flaws like drafts, damp, or condensation. Look for signs of these during viewings, as they can signal higher heating bills or potential maintenance concerns.

3. Don’t let early sunsets cloud your judgment. By December, the sun sets around 3:40 PM in Edinburgh. It’s easy to fall in love with a flat during a sunny morning viewing but feel less enthusiastic about it in the dark and rain of an afternoon. Keep practicality in mind and weigh factors like location, layout, and amenities objectively.

4. Plan for winter moving logistics. Shorter days and icy roads can make moving house more challenging. Book movers early, and have a backup plan in case of bad weather to avoid delays.

5. Evaluate winter commuting options. Flats further from the city center might be appealing, but consider the challenges of winter travel. Long walks to transport links or grocery stores can become unpleasant in freezing temperatures or during rain.

   
   

How I Can Help You

Navigating Edinburgh’s rental market can feel overwhelming, especially if you’re unfamiliar with the process. That’s where I come in. Here’s how I can help:

• Refining your flat (apartment) search to match your needs—or conducting the full search myself.

• Guiding you through the initial application paperwork.

• Securing and attending viewings on your behalf.

• Assisting with the application process.

• Reviewing your lease and answering any questions or concerns.

I’ll guide you every step of the way, ensuring your house hunt is as stress-free and efficient as possible

Let’s Find Your Perfect Flat!

If you’re ready to start your rental search or have questions about the market, let’s set up an introductory call to see if we’re the right fit. For those new to living this far north, don’t forget to consider taking Vitamin D supplements (always consult your doctor). Many recommend the spray version—it’s easier for the body to absorb and fits seamlessly into your daily routine. Reach out today, and let’s make your Edinburgh move as smooth as possible!

Sources:

1. ESPC: "What Was the Scottish Rental Market Like in Q3 2024?"Accessed from https://espc.com/news/post/what-was-the-scottish-rental-market-like-in-q3-2024

2. ESPC: Edinburgh Rental Market Statistics (November 2024 Update).Accessed from https://espc.com/news/

   
   

   

   Around 5pm in October 2024, in Merchiston over the Canal.