News: Buoyant Aberdeen market thriving

Wed, 07 Nov 07

Eager home buyers are rushing to stake their claim in Aberdeen’s booming property market... 

As one of the wealthiest locations in Scotland, Aberdeen has witnessed a surge in demand for high quality residential properties.

Stuart Black, partner for Knight Frank in Scotland, comments: “Aberdeen has steadily grown in popularity and last year the city witnessed Scotland’s second highest level of price inflation, with average house prices rising by 26 per cent according to Knight Frank’s Scottish Residential Review.

“So it’s no surprise that homebuyers have been switched on to developments which can offer modern living in the heart of the city but still be within close proximity of some of Scotland’s most beautiful countryside, just outside the city boundaries.”

Good news for property owners

Rob Clifford, chief executive of MortgageForce, said: "It's great to see locations like Aberdeen joining English regions such as Cornwall as places that homebuyers really want to live.

"Good news for property owners' equity growth is, of course, regrettably mirrored by first-time buyer affordability problems. Aberdeenshire as a whole reflects oil resurgence in industry and perception of better life in Scotland. English and returning ex-pats from the south with large equity deposits are snapping up properties."

Aberdeen railway station provides services to Edinburgh, Glasgow and Inverness and the M90, which runs between Aberdeen and Dundee, can be easily accessed from the development, bringing many of the main towns and cities of central Scotland within a few hours reach.

For further information, please visit: http://www.knightfrank.com

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