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Trailer for Sale or Rent... in Morningside?

So it's finally happened. Edinburgh property prices are falling. And it could represent real changes in the Edinburgh property market, with the last fall happening in 1971.

Certain property amrkets are often thought to be immune from price falls, such as Edinburgh and Manhattan. Their kudos or combination of certain very special factors renders their property value as secure. In the early part of this decade rumours of 25% increases in property value in Edinburgh's more desirable areas like Marchmont were fairly common.

Too many commentators are saying that this drop in Edinburgh prices is a shock. Banks have been overly generous in their lending for some time now, believing that there's only one way that Edinburgh property values can go. One mortgage advisor, faced with a First Time Buyer who could barely get the deposit together for a £100k house (10%) suggested that if the buyer could get more money for their deposit, they could get a bigger house. Rediculous. But telling. And no, the company that this lady works for is not the exception.

Is Edinburgh heading for a slump? What can First Time Buyers and Sellers do to help themselves?

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