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Aberdeen

Scott Morrison

Scott Morrison - Northwood

“January saw an unusual, but welcome, flurry of move-ins due to high levels of enquiries in December. February/March have returned to more predictable numbers. Asking prices in parts of Aberdeen have been reduced as landlords struggle to re-let at previous rental values despite good property standards. Aberdeenshire properties have continued to rent out well. Meanwhile, with the Housing Bill on the horizon, rents have continued to increase in occupied properties, bringing them more in line with current market values. Students are trying to beat the Q2 into Q3 rush making enquiries about summer availability; as such, we predict another busy summer with students continuing to prefer the PRS rather than PBSA.”

Market Overview - Q1 2026

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 £564 0.4% 25.6% -1.7% 41 12 9% 45%
2 bed £812 1.8% 27.1% -0.2% 46 3 9% 42%
3 bed £1,122 -3.0% 27.8% -0.3% 46 6 8% 42%
4 bed £1,661 5.3% 17.2% -0.5% 68 12 4% 21%
All £878 1.7% 25.6% 1.5% 45 7 9% 42%

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)

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
2026 99.2      

Market Composition

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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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Flats to rent in Aberdeen Houses to rent in Aberdeen
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