ASPC reports uptick in Aberdeen property market

ASPC reports uptick in Aberdeen property market

Figures from Aberdeen Solicitors Property Centre (ASPC) show that the number of properties for sale during the first quarter of 2024 has risen 10% on last year.

Sales are also up by 4%, with the average property price rising by 3% to £196,407.

ASPC chairman John MacRae thinks the market is likely to remain “reasonably resilient for the short to medium term”.

Estate agent Laura Mearns believes 2024 has so far “defied expectations”.

She said: “We’ve seen a surge in activity. Buyer confidence has been boosted by the stabilising mortgage rates, particularly in the first-time buyer market – 51% of our properties listed were sold in quarter one, demonstrating a clear market shift.”

Figures indicate that 993 properties were sold through ASPC between October and December last year. The typical price of a flat in Aberdeen was £121,506, a semi-detached property was £190,609 and a detached home was £323,237.

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