THE CARRICK IN EDINBURGH

The Carrick stands as a fresh and modern development nestled in the southwest of Edinburgh. Comprising 27 apartments across five floors, this contemporary complex offers one, two, and three bedroom living spaces. With close proximity to public transportation, residents enjoy effortless access to the city center. The modern apartments have been designed to be spacious and full of natural light with most units also featuring Juliette balconies. The penthouse residences get the benefit of generous terraces for a touch of outdoor luxury. Beyond the development, the area is home to many golf courses, parks, and sports facilities, ensuring a vibrant and active lifestyle for residents. Limited parking spaces are available for select units. Edinburgh consistently ranks as one of the happiest cities in the UK. The city’s ability to simultaneously provide exceptional living, shopping, food and entertainment to rival any major city, makes it an easy choice for students, professionals and visitors alike.

The park is a 7-minute stroll from the development.
You'll find Slateford Train Station just an 11-minute walk away.
The University of Edinburgh is conveniently located within a 15-minute cycling distance from the development.
Sports enthusiasts will appreciate that Murrayfield Stadium is a quick 8-minute bike ride away.

FROM

£237,000 - £429,000

WHY INVEST IN EDINBURGH?

The number of residents in Edinburgh has grown from 448,660 in 2000 to 532,200 in 2021, averaging 3,978 newcomers per annum. By 2035, the population is projected to reach almost 570,000 residents, an increase of 27% from 2000. This rise in population has been able to sustain the rapidly growing economy, while at the same time placing more strain on the already undersupplied housing market.

Between 2012 and 2020, 19,483 units were added to the housing stock from a required 46,954. As a result, just 41% of the city’s housing needs have been fulfilled over those past 9 years. It is expected that 3,139 housing units will be completed per year between 2020 and 2031, which is below the average annual housing requirement of 3,340 units. Taking the current backlog and future housing requirement into account, an undersupply of at least 29,000 housing units could persist by 2031.

Edinburgh has seen some of the highest house price growth of all UK major cities. This trend is expected to continue for the foreseeable future, house prices are forecast to grow 17.6% between 2023 and 2027 alone.

Rents in Edinburgh increased by 14.7% in the year to October 2022. Between 2023 and 2027, rents in Edinburgh are expected to increase by a further 16.4%, surpassing the national average over the same period.

DEVELOPMENT SNAPSHOT

Bedrooms

1 / 2 / 3 bedroom units

Compleation

Q3 2024

From 549 sqft - 925 sqft

Size Range

A CLOSER LOOK AT THE CARRICK

INVEST IN EDINBURGH

GLOBAL EDUCATION HUB

1

2

RESILIENT ECONOMY

3

HOUSING MARKET OUTLOOK

Home to over 55,000 students and 6 universities including, The University of Edinburgh (UoE) which ranks in the top 30 in the world. UoE has over 32,000 students, of which around 47% hail from overseas. The university is amongst the top research universities in the world with 38% of its research rated World Leading whilst a further 45% is rated as Internationally Excellent.

As result of the city’s successful economic strategy, Edinburgh’s GDP has grown by a considerable 157% since 2000, totaling GBP29.4 billion as of 2021. The economy is expected to continue growing and produce GBP55 billion per annum by 2035.

Edinburgh is also forecast to have one of the lowest unemployment rates in the UK - reaching just 1.9% by 2035. Subsequently, the capital city has the highest disposable income of any UK city outside of London which is forecast to rise by a further 75% and reach GBP23,920 by 2035.

The population of the city has steadily increased over the years, growing from 448,660 residents in 2000 to 532,200 in 2021, with an average of 3,978 newcomers per year. Projections indicate that by 2035, the population will nearly reach 570,000 residents, marking a significant 27% increase since 2000. This population growth has been a driving force behind the city's rapidly expanding economy. However, it has also exacerbated the existing housing shortage, putting additional strain on the housing market.

Given the extreme pressures on the housing market in Edinburgh, the city is expected to experience continued growth in both its sales and rental sectors over the next five years. Data suggests that sales prices will surge by 17.6% between 2023 and 2027, closely followed by rental prices with a projected 16.4% increase during the same period.

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