Overseas Buyers Hold 263 of 751 Edinburgh Quartermile Properties, Including 95 From Hong Kong
Updated
Updated · BBC.com · May 12
Overseas Buyers Hold 263 of 751 Edinburgh Quartermile Properties, Including 95 From Hong Kong
7 articles · Updated · BBC.com · May 12
263 of 751 Quartermile property titles were registered to overseas addresses when bought, with Hong Kong accounting for 95, Singapore 51 and Malaysia 12.
Registers of Scotland data shows the luxury development's mix was 369 titles registered in Scotland, 119 in the rest of the UK and 263 outside the UK, reflecting demand tied to its central location and investor appeal.
Edinburgh has 5,385 titles linked to non-UK buyer addresses, and the city accounts for 18.7% of Scotland's 28,825 overseas-registered titles—though the true total is likely higher because only 56.1% of Edinburgh titles are on the electronic land register.
Quartermile's prominence feeds a wider debate over housing and ownership in the capital, where average monthly rents have risen 59% over 10 years to £1,509 and critics say gains are flowing abroad.
With Scotland's high property tax, how are large investors still finding a profitable loophole in Edinburgh's market?
As foreign cash transforms Edinburgh, is the city building a global hub or fueling a local housing crisis?