With a population of approx 15,000 and often less than 100 properties on the market at any one time, the Penicuik property market is best characterised by its scarcity of properties. On the positive side the mix of properties available is equally spread among flats, terraced, semi-detached and detached homes. The main areas of Penicuik are Milton Bridge, Carlops, and Mauricewood where the prices of the properties range from under £100,000 to approaching £1,000,000. This range of prices has benefitted the arrival of residents who cannot afford to live in Edinburgh but can afford to live in Penicuik which also has excellent transport links with Edinburgh. It is this proximity to Edinburgh that has seen the price of houses in Penicuik rise by more than 160% on their 2002 prices, a figure thought to be unsurpassed anywhere north of the border.
With great value, great schools and great transport links to the capital of Scotland, it's a wonder that Penicuik has remained one of Scotlands best kept property secrets. Penicuik has bucked the trend of the UK and Scottish housing market and shows no signs of slowing down anytime soon. The only real downside is the lack of rental properties available in the area aside from a few apartments.