Continued reductions in average TTLs in Aberdeen have now filtered through to rents in the city, now posting positive annual growth of 0.7% to average up to £714 per month. The steepest drops in TTL were once again for the larger 3 and 4 bed properties in high demand accompanied by growth of 9.5% and 1.2% respectively.
“As 2021 draws to a close I expect the Aberdeen market in 2022 will experience a case of déjà vu. Unless there is a dramatic change, low availability of stock will remain the biggest challenge for those looking for a home in the area. A shortage of 3/4 bed family homes in particular, is likely to lead to rentals for these properties continuing their upward spiral. Demand for these, particularly in the suburbs and Shire, remain high as increased home working means commuting distance for many is now less of a priority.”
I am a Tenant Landlord
