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Aberdeen

Juliet Livingstone

Juliet Livingstone - Northwood

“Q4 has remained a busy time in Aberdeen and Aberdeenshire, with tenants still actively looking for properties. Landlords selling has had quite a lot to do with the movement. Rental increases have continued, with most landlords looking to implement these with costs rising. Properties are continuing to move quickly, especially those in great condition.”

Market Overview - Q4 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 £563 2.9% 23.2% -22.0% 20 2 21% 77%
2 bed £815 4.5% 26.0% -21.6% 26 2 12% 64%
3 bed £1,140 2.2% 24.0% -20.3% 36 0 7% 52%
4 bed £1,611 -9.6% 16.0% -25.0% 67 26 11% 25%
All £876 1.5% 23.7% -21.1% 27 2 16% 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 99.0

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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