The Aberdeen Solicitors' Property Centre has published the latest statistics for the third quarter of 2021 relating to the Aberdeen Housing Market. An encouraging read as we head into the darker winter months, the report details a steady improvement on previous years, with market conditions slowly becoming more favourable to sellers. At Mackinnons we certainly hope this trend continues into Q4 and onwards into 2022.
To read the full ASPC Housing Market Report please use this link for access.
The latest quarterly report from the ASPC gives a reassuring picture of local market activity, with the house price index remaining, mostly, in the positive. The change in quarterly price is +1.5%, while the annual change is -0.5%. Taken over five years, the index is marginally positive at +0.4%. While the figures are reassuring, it may well be that our local market is yet to feel the strain of the general economic background and only time will tell whether this will be reflected in the remainder of 2023. Buyers’ wariness over the short term may well affect property sales as they effectively “sit tight” to see what happens with interest rates. This may result in a sluggish Autumn/Winter market as moving plans are put on hold, but for the moment, there is still healthy demand for properties in desirable locations and in good condition.
On Saturday 26th of August, Mackinnons Partners Neil Torrance, Pamela Bursill and Gregor Sim will be tackling Ride the North together with friends and family to raise money for local children’s charity “Charlie House”.