Aberdeen leasing is now firmly back in growth territory at 8% YOY with the average property commanding £772 per month and TTLs continuing to fall YOY, now at 30 days. It is entirely possible the supply constraints could also return to Aberdeen and see the Granite City make ground or indeed surpass the fast growing Dundee rental market.
“The rental market in Aberdeen has seen a huge surge in Q3 with each month showing record numbers of new leases and a slowdown in the number of move out’s. This increased demand, coupled with slowing down of supply, has led to stock levels declining and rents rising at a healthy level from the lows of the previous years. Among the seasonal student moves there is a strong sign of corporate activity picking up in the city and tenants are routinely choosing to pay more for well-presented properties and shunning those of the magnolia variety.”
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