The Aberdeen Property Market Maintains Momentum

Despite the uncertainty caused by the Scottish referendum during the summer months CKD Galbraith have released new statistics showing that the property market maintained momentum and buyer interest.

The third quarter of 2014 (July September) saw property sales and letting figures in Aberdeen continue to grow on the previous quarter's figures according to new research conducted by the firm's office in Aberdeen.

The firm officially opened the office in Cults, Aberdeen in July this year to meet growing demand in the burgeoning North East residential property market. Sales and letting in the Aberdeen region had previously been managed by CKD Galbraith's Cupar office which had also handled farm and rural land sales. 

The Aberdeen office statistics from quarter three of 2014 show:-

  • The supply of high quality properties in the region has risen by 67 per cent compared to the last quarter
  • The number of viewings has more than quadrupled in the last quarter compared to quarter two
  • The number of buyers registering with the Aberdeen office has also increased by an impressive 85 per cent compared against the second quarter

Jordan MacKay, head of residential for CKD Galbraith in Aberdeen said:

"Aberdeen remained fairly resilient to the market uncertainty experienced during the run up to the referendum. There was a slight reduction in sales but this has been boosted post-referendum by buyers and sellers who were reluctant to make decisions before the 18th September now springing to action.

"We are confident that the Aberdeen office will continue to get busier and busier over the final quarter of this year. Buyer interest continues to grow for second homes in the area and buyers from south of the border seek the space and lifestyle that Aberdeen offers.

"Young professionals are also seeking good quality property to buy and let in the region as the city is becoming increasingly accessible with Flybe only recently announcing expanding flight numbers and new routes to and from the city to the South and across Europe."

CKD Galbraith operates a network of regional offices located throughout the country and has enjoyed good growth over the last year which it expects to continue into the final quarter of 2014.

If you are interested in selling or buying a property in Aberdeenshire, please do not hesitate to get in touch with our Aberdeen Estate Agency team