A modern district in the heart of the city
Edinburgh Quartermile sits between the historic Old Town and The Meadows. The area blends old hospital buildings from the nineteenth century with modern glass and steel towers. It now contains offices, homes, and luxury apartments.
The development stands on the former Royal Infirmary site. The hospital was moved to the edge of the city, making way for this major redevelopment.
Strong interest from international buyers
New property records show a significant level of overseas ownership in the area. Out of 751 property titles in Quartermile, 263 were bought by people with overseas addresses at the time of purchase.
This means more than one third of the properties were purchased from outside the United Kingdom.
Hong Kong stands out in the data. Around 95 buyers were based there when they bought property in the development.
Across Edinburgh, more than 5000 properties, offices, hotels, and shops show overseas based buyers in official records.
Edinburgh in a wider global trend
Land registry data shows 28825 property titles across Scotland linked to overseas based owners at the time of purchase. This represents about 1.4 percent of all registered titles.
Edinburgh holds a large share of this activity. The city accounts for 18.7 percent of all overseas linked property registrations in Scotland.
Why Quartermile attracts global investment
Quartermile has become a major business and residential hub. It offers modern office space and high end apartments in a central location.
Well known companies, including Skyscanner, have offices there. Several legal firms also operate from the area.
The flats are also in demand because of their location and design. Investors see it as a strong long term asset in a growing city market.
Controversy around redevelopment
The project has not been without debate. Critics raised concerns about the design of the tall glass buildings and their impact on the city skyline.
Some also questioned the relocation of the hospital, which moved to a site with limited transport access.
Despite this, the development has become commercially successful and continues to attract investment.
