Aberdeen

Ross Watt

Ross Watt - Grouse Lettings

“The Aberdeen market has, as expected, slowed somewhat as we enter the winter period, however rents remain strong and we are still seeing high levels of activity at the low to medium rent bands. While purchase prices have not recovered as quickly as rental yields, this means that we have seen lots of new landlord entrants to the North East market, many of whom are earning double digit percentage returns on their investments. As 2026 dawns we expect an immediate quickening in the market that will increase towards its usual summer crescendo.”

Market Overview - Q4 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 £569 1.1% 22.4% -7.8% 31 11 11% 59%
2 bed £817 0.2% 25.3% -7.9% 35 9 11% 54%
3 bed £1,154 1.2% 29.1% -4.9% 47 11 11% 36%
4 bed £1,707 6.0% 18.5% 0.3% 47 -20 4% 35%
All £891 1.7% 25.7% -4.6% 35 8 11% 54%

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 99.8 100.2 100.7

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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