Aberdeen

Chris Minchin

Chris Minchin - Winchesters

“Q1 of 2025 in Aberdeen has been steady with well-presented properties moving well and returning good rental figures. In contrast, older and tired properties have been lagging on the market. We have seen an increase in demand for 2 bedroom properties with people choosing to flat share, something that has been lacking over the past few years when 1 bedroom properties were lower priced. Q2 stock levels are looking healthy and viewings are picking up in line with seasonal norms.”

Market Overview - Q1 2025

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 £562 3.1% 26.0% -18.6% 29 6 15% 63%
2 bed £798 1.3% 21.8% -24.2% 43 7 12% 47%
3 bed £1,157 1.0% 23.0% -14.7% 40 -4 13% 44%
4 bed £1,578 -9.1% 17.3% -24.2% 56 4 8% 20%
All £863 -0.1% 22.9% -20.8% 38 5 13% 52%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

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
2025 97.5      

Market Composition

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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