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Aberdeen

Rachel MacDonell

Rachel MacDonell - Trinity Factors

“In Q3, the Aberdeen rental market saw gradual rent increases with incremental rises reflecting steady demand. Void periods remain low, highlighting the market’s resilience. Time to let continues to be strong with properties moving quickly, especially those in good decorative order. Enquiries are healthy across the board as tenants show preferences to well-maintained homes. Overall, the market remains stable with modest rent growth and sustained interest from prospective renters.”

Market Overview - Q3 2024

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 £562 6.6% 23.8% -18.6% 24 -2 23% 74%
2 bed £796 5.2% 22.8% -20.8% 27 0 21% 69%
3 bed £1,125 1.5% 16.2% -18.0% 39 -2 9% 54%
4 bed £1,685 4.7% 18.2% -17.3% 39 -5 11% 43%
All £869 4.4% 21.4% -18.6% 28 -1 20% 68%

Average Rent (pcm) by Number of Bedrooms

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Average Time To Let (TTL) by Number of Bedrooms

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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 80.7 80.1
2021 79.0 79.9 80.8 80.7
2022 81.7 83.4 87.2 88.8
2023 90.2 94.4 94.0 97.5
2024 97.6 100.1 98.2  

Market Composition

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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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Flats to rent in Aberdeen Houses to rent in Aberdeen
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