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‘Decisive' election result boosts Scottish property sales to 12-year high

Posted On: 17 Feb 2020   |   Posted By: Press and Journal

Property prices bounced back following the “decisive” election result - with the number of sales last month at a 12-year high.
Aberdein Considine's Property Monitor report suggests that for the first time since the oil and gas downturn, sales in Aberdeen increased by 10.1% during the final quarter of the year.
A total of 1,129 homes were sold in Aberdeen, with the value of transactions leaping 10.8%, to £220 million.
Prices also stabilised in Aberdeen at £194,528, down just 0.1% on last year, with the average cost of a home in Aberdeenshire falling slightly further, 1.6%, to stand at £213,413.
Across Scotland, more than 10,000 homes changed hands in December - a jump of 15% on November and the highest single month of sales recorded since October 2018.
The total value of sales came to just under £18.7billion, which was £550million more than 2018.
Housing Minister Kevin Stewart said: “While not too much emphasis should be placed on short-term movements in the housing market, it is encouraging to see an...

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