Publication

Spotlight: North East Scotland – Winter 2017

The Aberdeen area residential market has improved this year, with values stabilising and transactions recovering. Meanwhile, there is increased confidence in the markets of Angus, Dundee and Moray, where house prices have reached record levels

■ The Aberdeen area market is looking brighter, with activity improving above £400,000. However, high levels of available mainstream stock will suppress value growth in the short term.

■ There is an air of optimism about the future of Dundee, sparked by new projects like the V&A. House prices have reached record levels, fuelled by a lack of supply.

■ Ongoing investment in Dundee is assisting the Angus market, where transactional activity in coastal locations has improved this year.

■ Increased new build activity is supporting the Moray residential market, where transactional activity above £300,000 has reached a 10-year high.

■ There is increased confidence in Aberdeen’s development land market, with a number of recent deals in peripheral locations. However, prevailing caution will suppress any growth in values.

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Simon Smith

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