The Aberdeen rental market has been stable in Q4 2020 recording a minor annual increase of 0.1% year on year (YOY), the first rise since Q1 2015. The average property to lease in Aberdeen sits at £709 per month giving landlords cause for optimism at the end of a difficult number of years.
“During Q4 we have witnessed a higher than normal volume of tenants giving notice to vacate especially in December. As universities continue with their blended learning models rather than introducing more in-class learning as previously planned, this is one of the main contributing factors to tenants vacating earlier than anticipated, with many student rental properties now becoming surplus to requirement. Constantly changing tenant circumstances have also meant that some properties are back on the market soon after being let out. We watch with much scrutiny to see how Brexit and COVID-19 further impact on tenants’ circumstances and the PRS in Aberdeen City & Shire.”
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