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

www.blackadders.co.uk

 

 

The opinions expressed in this blog are of the author only and do not necessarily represent the opinions of Blackadders LLP.

Blackadders takes all reasonable steps to ensure that the content of this blog is accurate and up to date. The blog is not, however, intended as a substitute for seeking legal or other professional advice but rather as an informative guide to the services provided by Blackadders and topical legal developments. Blog users should always seek advice tailored to their specific situation. Consequently, Blackadders accepts no responsibility for any loss or damage suffered by anyone acting or failing to act on the basis of information contained on this blog. Downloading of material contained on this site is at the user’s own risk and all necessary virus checks must first be carried out by the user. Blackadders is not responsible for the material found on any web sites linked to this one and links to this site may only be made with Blackadders prior consent.

Copyright

Blackadders owns the copyright in this blog and all material contained on it. The material on this blog may be downloaded for personal use only and must not be altered. Otherwise, Blackadders’ written consent is required before any material on this site is reproduced, copied or transmitted in any way.

Privacy Statement

Information passed to us via this blog is kept confidential and will not be disclosed to third parties except if authorised by you or required by law.

© Blackadders LLP 2020

Members of the Law Society of Scotland.

Blackadders Solicitors is a trading name of Blackadders LLP, a limited liability partnership, registered in Scotland No SO301600 whose registered office is 30 & 34 Reform Street, Dundee, DD1 1RJ. Reference to a ‘partner’ is to a member of Blackadders LLP.

Back to Blackadders' Property Blog: Covering Aberdeen, Dundee, Edinburgh, Glasgow, Perth, Angus and beyond