25th May 2022

Is Aberdeen back …….

There is no doubt that the Aberdeen housing market is showing steady signs of recovery in certain areas. The middle and high-end market is seeing increasing growth with the middle market in particular where quite often demand is greater than supply. We are also again seeing an uplift in the number of closing dates being set along with a good number of properties achieving home report value and above.

The exception being the flatted market which is partly due to the rising numbers on offer which is outstripping demand and the lack of investors.  This although should be seen as an ideal time for first- time buyers to take advantage and secure their first property on what is probably the lowest price level for flats in 30 years.

As we make new choices about how we work, we are now considering how we live. Places out with the city which include Inverurie and Banchory has seen increased interest partly due to the flexibility that Hybrid working offers.

We are also seeing buyers from other parts of the UK returning to the north east which is a positive note for housing demand.

As Aberdeen looks to a future without oil the aim is to turn Aberdeen from the oil and gas region of Europe to the all-energy region of Europe. Projects like the South Harbour development is expected to create 2,500 green sector jobs by 2030 in high skill areas such as hydrogen manufacturing and refuelling facilities.

There are many quality projects in the pipeline over the next ten years which can only help with the recovery and growth of the Aberdeen housing market.

For any help and advice contact a member of the Blackadders Property Team  working in Aberdeen, Dundee, Edinburgh, Glasgow, Perth and across Scotland.

Marie Clark, Branch Manager
Estate Agency
Blackadders LLP




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