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Will house prices drop in 2021 in Scotland?

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Will house prices drop in 2021 in Scotland?

House prices have risen strongly in Scotland so far this year and are expected to continue to increase next year, albeit at a slower pace. Analysis by estate agency group Hamptons forecasts house prices in Scotland will grow by 5 per cent in 2022, down from the 7 per cent it expects in 2021.

Are house prices dropping in Aberdeen?

The report states quarterly house prices in Aberdeen city and suburbs are down 1\%, while the annual house price change in the area is -0.7\%. Over the last five years, the annualised house price change for the city and suburbs is -4.8\%.

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Is it good time to buy property in Aberdeen?

In times when the industry is expanding and oil prices are high demand for property rises and Aberdeen prices rise. In times when the industry is contracting and oil prices are low demand for Aberdeen property falls and prices stay static or fall. Now could be a good time to find property bargains in Aberdeen, however.

Are property prices going to drop in 2021?

Across the UK average house prices increased by 11.8\% over the year to September 2021, up from 10.2\% in August.

Are house prices going up in Aberdeen?

The price of homes in Aberdeen rose by an average of 6.6\% year-on-year in the third quarter of 2021, while Inverurie was ahead 6.1\%, Stonehaven 4.7\% and Ellon 2.3\%. John MacRae, chairman of ASPC, said the Q3 figures continue to show “steady improvement” on previous years.

How much are houses going over the asking price in Scotland?

SCOTS homes are going for as much as 30 per cent over the asking price and viewings have more than doubled amid a spike in demand during the Covid pandemic. Properties in Glasgow and Edinburgh have been in high demand with first time buyers, families relocating and people moving north of the border.

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Will Aberdeen house prices rise?

Average house prices in Aberdeen are on the rise, while they have fallen elsewhere in the north-east, new figures have shown. In Aberdeenshire, in January 2021 the average price for a house was £180,413, compared to £177,268 in January 2020 – a 1.8\% rise.

Are house prices rising in Aberdeen?

Will house prices in Aberdeen go up?

Is Aberdeen property market improving?

How have house prices in Aberdeen changed over the last year?

Overall, sold prices in Aberdeen over the last year were similar to the previous year and 33\% down on the 2006 peak of £290,901. Who provides this information? Scottish house price data is publicly available information produced by the Registers of Scotland. Please note the dates shown below relate to the property’s registered date not sold date.

What is the Aberdeen Housing Market Report?

The Aberdeen housing market report gives additional information and analysis of house prices in Aberdeen City and the surrounding area. It provides details of the change in house prices over time, volume of sales, and how prices vary between different types of houses.

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Where can I find Scotland house price data?

Scottish house price data is publicly available information produced by the Registers of Scotland. Please note the dates shown below relate to the property’s registered date not sold date. This material was last updated on 8 September 2021.

What is the Aberdeenshire housing land audit database?

It also sets out the current housing land requirement and the 5 year effective housing land supply. The Aberdeenshire Housing Land Audit database and maps gives more information on sites in the housing land audit which are in Aberdeenshire.