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Aberdeen

Aberdeen continued its flat trajectory, after several years of falls, with positive growth in 4 bed properties at 5.4% suggestive of good demand for larger homes during the pandemic.

Market Overview - Q1 2021

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	£449	0.7%	-21.8%	-21.0%	48	-3	15%	40%
2 bed	£639	-2.4%	-21.5%	-24.9%	59	3	8%	30%
3 bed	£878	-6.7%	-22.0%	-26.9%	48	-19	13%	39%
4 bed	£1,417	5.4%	-15.1%	-25.4%	55	13	7%	34%
All	£699	-0.4%	-19.2%	-22.9%	54	0	11%	35%

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	80.1
2021	79.0

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%

Chris Minchin - Winchesters

“Q1 of 2021 has shown a marked difference from the past year with a surge in people looking to move and 'trade up'. 1 bed with office space, 2 bedroom houses and properties with garden access have all done well. There has been an increase in students enquiring for entry mid to late Q2 and notifications from companies to expect an influx of staff requiring accommodation towards the end of Q2. Winchesters is confident that the Aberdeen market has underpinned and is moving in the right direction for growth.”

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Flats to rent in Aberdeen Houses to rent in Aberdeen