Borders railway link to rising Midlothian house prices

Image to illustrate spike in house prices.

Image to illustrate spike in house prices.

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Parts of Midlothian have bucked a national trend of falling house prices, with homes selling for nine per cent more than they did in 2012.

According to the latest official statistics from the Registers of Scotland, the county has seen the largest year on year rise in prices in Scotland.

Director of Commercial Services Kenny Crawford believes that the spike may be a result of the planned Borders Railway Project.

He said: “We are seeing some interesting figures from Midlothian, where the volumes and average price have both increased.

“There’ve been a number of new developments in areas like Dalkeith and Gorebridge, which are likely to be contributing to this upward trend. Work has also recently begun on the new Borders Railway Project, which may also be having an impact on the local housing market.”

Welcoming the news, Midlothian MSP Colin Beattie (SNP ) said: “Rising house prices might encourage builders to start works on designated sites where there has been no activity due to the recession.

“Clearly this is driven mainly by the Borders Railway which will make towns which have railway stations much more attractive to commuters seeking to avoid the higher Edinburgh prices and enjoy some country life.”

Read full story in the May 9 edition of the Midlothian Advertiser