Well, I hestitate to prognosticate on the future - that's what I was asking about! As I said, Edinburgh appeared to me ot have flatened somewhat in the summer of 2003 but has since picked up (like the UK as a whole). In fact I was astonished to see some of the recent rises in particular areas - small flats in Leith Walk and Easter Road (18% in the last year), as well as larger family dwellings in Midloathian (Musselburgh, Portobello, as folk go further out to get gardens for their kids). Nowhere is cheap. If you look at the Edinburgh Solicitors Property Centre website (espc.com) at the Media Room section, they have reports about what prices have been doing. As for specific places and postcodes, I suggest taking a break up there and doing some legwork. Walk some of the areas and make appointments with agents who will be happy to sit with you and point you in some directions. They will also help you work out the rental returns. You'll also need to decide on your tenants - when I did my research 6 years ago, I was very wisely advised to go for students and young workers, not high-end professionals .... but that was 6 years ago. Check out: 1. Marchmont / Bruntsfield (classic student / posh flats) 2. Leith Walk (cheaper, still grungyish)3. Newington (my area, student, slightly less posh and cheaper than 1 - a tip!) 4. City Centre (working folk who want to get home in a tick after shopping at Harvey Nics)New Town very expensive indeed. Ditto West End. It's unclear if you are looking to live in your property (in which case you are less interested in the rental returns) or rent. My guess is that returns would not be great in many flats (3.5 % - 5%) because they are quite expensive. But that's what you get with areas of high capital appreciation.....). One thing I do know is that if you have oodles of cash, get into the large townhouse / upmarket suburban house market, where prices have just gone astronomical: folk with money and families from London relocating and wanting million quid up houses over three floors. But that would be a development game, rather than a rental one. I haven't checked out the pages on PS on this area ... I think I will.

Well, I hestitate to prognosticate on the future - that's what I was asking about! As I said, Edinburgh appeared to me ot have flatened somewhat in the summer of 2003 but has since picked up (like the UK as a whole). In fact I was astonished to see some of the recent rises in particular areas - small flats in Leith Walk and Easter Road (18% in the last year), as well as larger family dwellings in Midloathian (Musselburgh, Portobello, as folk go further out to get gardens for their kids). Nowhere is cheap. If you look at the Edinburgh Solicitors Property Centre website (espc.com) at the Media Room section, they have reports about what prices have been doing. As for specific places and postcodes, I suggest taking a break up there and doing some legwork. Walk some of the areas and make appointments with agents who will be happy to sit with you and point you in some directions. They will also help you work out the rental returns. You'll also need to decide on your tenants - when I did my research 6 years ago, I was very wisely advised to go for students and young workers, not high-end professionals .... but that was 6 years ago. Check out: 1. Marchmont / Bruntsfield (classic student / posh flats) 2. Leith Walk (cheaper, still grungyish)3. Newington (my area, student, slightly less posh and cheaper than 1 - a tip!) 4. City Centre (working folk who want to get home in a tick after shopping at Harvey Nics)New Town very expensive indeed. Ditto West End. It's unclear if you are looking to live in your property (in which case you are less interested in the rental returns) or rent. My guess is that returns would not be great in many flats (3.5 % - 5%) because they are quite expensive. But that's what you get with areas of high capital appreciation.....). One thing I do know is that if you have oodles of cash, get into the large townhouse / upmarket suburban house market, where prices have just gone astronomical: folk with money and families from London relocating and wanting million quid up houses over three floors. But that would be a development game, rather than a rental one.

Hi Neil, A brief update to your letter. I've just sold in Edinburgh and have seen that prices there have moved sharply upwards for about 12-15 months - 15 - 20% over the last year according to ESPC figures. Quite surprising really but gratifying when you're selling! Prague too, as PS has been saying, is moving sharply at the moment but the Edinburgh market in the UK at least is certainly strong. I will keep a toe hold in Scotland and continue moving into Prague... Cheers, Richard

Hi Neil, A brief update to your letter. I've just sold in Edinburgh and have seen that prices there have moved sharply upwards for about 12-15 months - 15 - 20% over the last year according to ESPC figures. Quite surprising really but gratifying when you're selling! Prague too, as PS has been saying, is moving sharply at the moment but the Edinburgh market in the UK at least is certainly strong. I will keep a toe hold in Scotland and continue moving into Prague... Cheers, Richard

Hiya I have purchased in the Kosik development, but was looking to sell asap. I would be interested in possible house swap with difference in value paid in cash. Thanks Elaine