THE DUNFERMLINE housing market has seen a "real surge in popularity and demand".

ESPC's monthly report for November has shown a massive 20.2 per cent rise in property prices in the city while the last quarter saw selling times reduce dramatically to 13 days – a massive 11 days fewer than the same period last year.

In Dunfermline, the average price of a home is now £228,574 – up by a fifth from the same period in 2023.

The average was up by 11.2 per cent in West Fife and Kinross to £228,389 while the Edinburgh, Lothians, Fife and Borders region saw an overall increase of 5.5 per cent to £286,263.

Two-bedroom flats in Dunfermline were the most affordable properties on the market in the region coming in at £124,541 on average.

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The ESPC said this indicates that the city is increasingly popular with buyers at a variety of life stages, with something to suit across a range of budgets.

While two-bedroom properties sold in the highest volumes overall, there were increasing volumes of three and four-bedroom houses sold, which has likely contributed to the significant boost in the city’s average selling prices.

Dunfermline also offered the greatest volume of homes going on the market with the level of properties coming onto the market in the city up 17.2 per cent compared to the same time last year.

Properties across Edinburgh, the Lothians, Fife and the Borders had a median selling time of 21 days during the three months of September-November, which is no change from the same period last year.

West Fife and Kinross had an average selling time of 15 days with Dunfermline coming in at 13 days - two-bedroom houses were the quickest sellers overall with buyers snapping them up in a median time of only nine days.

ESPC CEO Paul Hilton said Dunfermline was the "standout city" which was grabbing the attention in this month's report.

"All signs are pointing to a real surge in popularity and demand for Dunfermline, with properties of various types and sizes commanding plenty of attention from buyers," he said.

"The clear demand for family homes is certainly suggestive of increasing numbers of families and second steppers relocating to the city, while the interest in two-bedroom flats and houses certainly indicates that younger buyers are also interested in calling this city home.

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“Elsewhere, it’s great to see yet another month of high sales volumes and increasing property listings, showing in no uncertain terms that the market remains incredibly active – something that should offer buyers and sellers alike plenty of reasons to feel confidence and optimism in their own property journeys.

"Property prices have risen overall compared to last year, but the premiums paid by buyers remain fairly consistent, largely thanks to the increasing numbers of properties on the market helping to maintain a level of balance and healthy competition."