Strong First Half of 2026 for Paris Steele Despite Softer Market Conditions
While the wider property market has experienced a quieter
start to 2026, Paris Steele has continued to outperform, delivering impressive
growth across key performance indicators during the first six months of the
year.
Between 1 January and 30 June 2026, the overall ESPC market
saw new property listings fall by 2.4% and sales volumes decline by 6.1%
compared with the same period in 2025. In contrast, Paris Steele recorded a
20.5% increase in property insertions and a 3.2% rise in sales volume,
highlighting the continued strength of our local market presence.
Property values have also remained strong. The average Home
Report valuation of homes marketed by Paris Steele increased year-on-year to
£335,914, while the average selling price rose to £343,995.
Sellers have continued to achieve excellent results, with
77.8% of properties marketed by Paris Steele selling for at least their Home
Report valuation, an increase of 5.2% on last year. Homes are also selling more
quickly, with the median time to reach under offer falling from 23 days to just
17 days, year-on-year.
Although the average premium achieved above Home Report
valuation has narrowed slightly, this reflects a market where properties are
being priced more accurately rather than a reduction in demand. Across the year
to date, Paris Steele properties have achieved an average of 3.6% above Home
Report value, increasing to 5.2% during the second quarter. This continues to
outperform the wider ESPC market, where the average uplift remains at 1.6% year
to date and 2.3% during quarter two.
As expected, activity has eased since the school holidays,
with fewer buyers actively searching and fewer new properties coming to the
market. Seasonal slowdowns are a normal part of the property cycle, and while
homes are still selling, the process may take a little longer than during the
busier spring months.
Looking ahead, our first-half results demonstrate that
well-presented, correctly priced homes continue to attract strong buyer
interest, and Paris Steele remains well positioned to help clients achieve the
best possible outcomes in all market conditions.
This article is provided for general information
purposes only and is not intended to constitute legal advice. The information
contained in this article is accurate to the best of our knowledge as at the
date of publication. As laws, regulations, guidance, and other relevant
information may change over time, the content of this article may no longer
reflect the current position.
The information contained herein may not apply to
your specific circumstances and should not be relied upon as a substitute for
professional legal advice.
If you require advice about your own situation, we
recommend that you seek advice from a qualified solicitor. If you would like to
discuss your circumstances or find out how we may be able to assist, please do
not hesitate to contact our team for advice tailored to your individual needs.
Cameron Thomson
Property Manager
Cameron grew up in North Berwick and is delighted to be back working in the place he's always called home. Since obtaining a degree in Business Studies from the University of Stirling, he has developed a real passion for the property industry, and he loves helping people make big life decisions with confidence. As Property Manager, he provides clear, honest valuations and tailored advice to support clients from day one. In his spare time, you’ll find Cameron watching, playing or talking about sports—or out in the hills working his way through Scotland’s Munros.