Hope for Aberdeen property market as activity bounces back
New figures reveal hope for the Aberdeen property market as confidence and activity is back to the pre-downturn level.
The Aberdeen Solicitors’ Property Centre (ASPC) has published a new report showing that after five years of steep decline, annual house prices have now risen 3.2 per cent across Aberdeen and Aberdeenshire.
It also revealed a significant 34.5 per cent increase in the number of homes sold in the area.
The report was compiled with the support of the University of Aberdeen business school.
Managing director of Esson & Aberdein, Joni Esson, said the findings have not come as a surprise as her company is seeing many of the homes it lists sell in a matter of days and competition resulting in early closing dates being set.
Ms Esson said: “Positivity in the Aberdeen and Aberdeenshire market is certainly back, with demand growing and in many sectors outstripping supply.
“These figures reflect that this isn’t a sudden surge. It’s sustained growth - which we welcome after the difficult years from the oil crash.
“What’s abundantly clear to us is that these new figures marry with our day to day experiences as solicitor estate agents.
“Sellers of good quality homes should feel confident about the market - since our launch at the end of April we have had huge interest in the properties we have listed for sale, a large number of which have sold within the first week of marketing”