The average rent in Aberdeen is now £755 per month, down 4.3% YOY, an improvement from minus 6.6% recorded last quarter. It is reasonable to believe that rents will fully level off in 2018. Rents are clearly above the national average with properties taking an average of 50 days to let. As with last quarter, the larger 4 bed properties fared best indeed recording a noteworthy rise of 5.6% YOY.
“After an exceptionally busy Q3, the market slowed down slightly during the fourth quarter of 2017, however, rent values have remained the same. With respect to the number of signed tenancies, our performance can be compared to Q4 of 2015. We expect 2018 will bring some stability with a better balance of supply and demand which should lead to a slow recovery of rental values. With the new legislation introduced on the 1st December, we have focused on staff training and implementing new procedures in preparation for the market conditions improving in 2018.”
I am a Tenant Landlord
