The new Forth Crossing is already having a dramatic effect on property prices in and around South Queensferry, according to a leading property guide.
Selling prices for an average three-bedroom house rocketing by more than 15 per cent.
That compares with a rise of just under five per cent in selling prices across east central Scotland as a whole, between July and September.
Edinburgh Solicitors’ Property Centre says selling prices for two and four-bedroom homes in South Queensferry and Dalmeny also rose during the period – underlining the area’s growing popularity as a commuter town, ahead of the Queensferry Crossing expected set to open in May next year.
ESPC’s business analyst, Maria Botha-Lopez, said: “Average selling prices in Edinburgh and east central Scotland are continuing to rise, and we have seen houses in South Queensferry show one of the largest increases.
“This could be an early effect of the Queensferry Crossing, offering greater transport links and an easier commute.”
But the surge in demand for homes in South Queensferry and Dalmeny isn’t matched by any increase in the rate of property sales, because there’s an ongoing shortage of homes available to buy.
Another telling indicator of the growing demand for local properties is that more than 80 per cent of properties listed between July and September were listed as “offers over”, as opposed to just over two thirds of homes for sale in 2015.
One estimate puts the overall average price of a South Queensferry home at just under £246,000, marginally less than Queensferry, and around £7,000 more than Kirkliston – but cheaper than Dalmeny, at just over £262,000.
Ms Botha-Lopez said while there was no decrease in buyers’ demand “we are still in this seller’s market”.
But as a cautionary note she added it is still too early to tell what the impact will be of Prime Minister Theresa May’s Brexit announcement of a date to trigger Article 50 by March.