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Edinburgh – city of opportunity

Quartermile is at the heart of an economically thriving capital city, where the property market is buoyant.

Edinburgh’s economic vitality, vibrant property market and inimitable lifestyle combine to make the city one of the most exciting investment opportunities in the world.

Home to the Scottish Parliament, and 16 of Scotland’s top 100 businesses, its economy outperforms many other UK and European cities.  In the UK, it is second only to London. It is Europe’s fifth largest financial centre, and its sixth largest fund management centre, with activities based primarily in the service sector.

This economic performance is safely predicted to continue to grow, with the city’s Central Business District set to entirely encircle the castle by the middle of the next decade.

Young, highly educated population

By 2024, the city is predicted to be Scotland’s most populous. And with 32% of people having degrees or professional qualifications, the population will be the most highly educated in the country.

It’s a young population too, with a total of 47% in the 16 to 44-year-old age bracket (compared to a national average of 40%).

World-renowned education draws thousands to the city every year. And in 2005, more than 60,000 young people entered the city’s four world-class universities. 

High demand, short supply

All of this means that demand for property is constantly rising. The city’s World Heritage Status, and the stringent building restrictions that come with it, make space even more precious. Property prices in the Scottish capital are stable, but have increased by 10% each year for the last five years.

In short, Edinburgh is more affordable than London, but the steadily growing value of its property market makes it a much safer option for investment than the emerging residential markets of Eastern Europe.

At the heart of all this, just a short stroll from the vibrant city centre and railway station is Quartermile, the new urban quarter designed by Foster and Partners. Comprising 900 new-built and conversion apartments and 30,000 sq m world-class office space, it will be home to as many as 2,000 people, and a further 3,000 will be employed in its shops, offices, restaurants and hotel.

Apartments are extremely high spec, and very close attention has been paid to every detail. The first apartments will be ready from 2007 onwards … and more than 60% of apartments from the first phase have already sold.

If you would like more information on Edinburgh and Quartermile as an investment opportunity, download our International Issue of Quote magazine.

Alternatively please call 0845 000 2525.