There is finally some good news for landlords and agents in Aberdeen with rents beginning to level off at 16.7% down on the year, less than the 20% recorded at the previous 2 quarters. The average rent in Aberdeen is now £829 per month, down 25% from the £1110 peak recorded less than 2 years ago at Q4 2014. Larger 3 & 4 bed properties appear to be taking the lead in steadying the Granite City buffers, down 12.3% on Q3 2015.
“Q3 has been a very busy time for the Aberdeen rental market. We have seen a slight stabilisation in the market in terms of rental price. In most cases significant decreases were experienced by landlords in the first two quarters but we are now seeing this level out. Rental prices are now in line with other cities as well as being more favourable for tenants who were previously priced out of the market. It is very encouraging to see that time to let has improved with properties moving quicker than before over the busy summer months.”
I am a Tenant Landlord
