Aberdeen

Adrian Sangster

Adrian Sangster - Aberdein Considine

“In my 30 years of working in the property industry I thought I’d seen it all… how wrong I was. Whilst the recent unprecedented events have been the most challenging the PRS has faced, many positive lessons have been learnt and new products introduced as we adapt to the “new normal.” More than 30,000 people have taken advantage of our interactive 3D virtual viewings already, with the first offer received and accepted within 48 hours of it going live. This level of interest is a positive indication that the property market will fight back, albeit with a few bumps along the way, but I believe it will ultimately emerge stronger.”

Market Overview - Q2 2020

BedsAverage
Rent
Rent Change
1yr
Rent Change
5yrs
Rent Change
10yrs
Av. TTL
(days)
TTL Change
YoY
Let within
a week
Let within
a month
1 bed £443 -2.6% -34.9% -18.4% 50 7 11% 37%
2 bed £633 -4.2% -36.0% -19.9% 48 2 11% 36%
3 bed £949 -7.1% -28.9% -17.5% 58 12 5% 27%
4 bed £1,245 -16.2% -34.4% -29.2% 54 2 3% 28%
All £696 -5.2% -33.3% -18.5% 50 5 10% 35%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

YearQ1Q2Q3Q4
2008 100.0 99.5 100.7 98.8
2009 97.1 94.6 93.8 96.8
2010 96.9 96.5 96.3 98.3
2011 102.5 97.4 99.2 101.0
2012 103.2 101.8 101.6 107.3
2013 108.6 109.3 113.2 116.2
2014 120.5 122.5 120.6 125.4
2015 123.1 117.9 112.4 105.5
2016 97.7 93.9 93.7 89.2
2017 86.8 89.0 87.5 85.3
2018 83.2 83.6 84.2 80.8
2019 80.2 82.9 80.9 80.0
2020 79.3 78.6    

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
AB10 5.20% 5.40% 5.20% 5.30% 5.3%
AB11 5.60% 5.70% 6.00% 6.20% 6.1%
AB15 5.10% 4.90% 5.20% 5.20% 5.4%
AB24 6.60% 6.70% 6.40% 7.30% 7.4%
AB25 5.50% 5.30% 4.90% 5.60% 5.8%
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