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Aberdeen

Grant Fairbairn - Grant Fairbairn Property

“Q3 2020 has been extremely busy; there seems to have been a large backlog of demand due to lockdown. Well-presented 2 and 3 bedroom houses seem to be extremely popular with some getting 15+ viewings requests and multiple offers, particularly in areas like Westhill, Bridge of Don and Sheddocksley. Although a lot of students gave notice early at the start of lockdown, the student market has also done very well, with most students choosing to come back to the city, despite most of their lectures being online. Lower quality properties continue to struggle; landlords need to invest in their properties more than ever.”

Market Overview - Q3 2020

Beds	Average 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	£454	0.0%	-30.3%	-18.1%	43	-4	15%	48%
2 bed	£639	-1.4%	-32.3%	-20.1%	51	4	8%	39%
3 bed	£971	0.3%	-24.3%	-14.1%	60	9	8%	28%
4 bed	£1,415	-0.7%	-20.3%	-7.2%	60	8	9%	29%
All	£713	-0.4%	-28.3%	-16.3%	50	2	11%	41%

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)

Year	Q1	Q2	Q3	Q4
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	80.6

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
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