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Aberdeen house prices have increased for the first time since 2017

Posted On: 25 Aug 2019   |   Posted By: Press and Journal

The cost of buying a home in Aberdeen has risen for the first time since 2017 as thousands of jobs return to the North Sea oil and gas sector, according to a new report.
Average property prices in the Granite City increased by 1.7% to £202,011 in the second quarter of the year, when compared to the same period between April and June in 2018.
Purchasing a home in Aberdeenshire was up 0.3% in the period to £211,149, while in Highland the quarterly average had risen by 3.5% to £183,292, and in Moray there was a 2.7% increase to £172,363.
The Western Isles experienced the second highest percentage rise in Scotland, soaring by 13.7% on last year to £118,008, an increase that was topped only by East Lothian.
But there was a fall of 8% to £175,105 in the Shetland Islands, the second largest drop in Scotland, after South Ayrshire.
However the report shows that across Scotland as a whole, the property market has soared to an 11-year high ahead of Brexit.
The quarterly monitor produced by the estate agents and legal...

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