Aberdeen

Matt Pullinger

Matt Pullinger - Northwood

“The Northeast rental market remained strong throughout Q3 2026 with demand continuing to outstrip the supply of available homes. Stock levels have reduced across Aberdeen and Aberdeenshire which, combined with sustained tenant demand, is placing further upward pressure on rental values. Family homes remain particularly sought after with well-presented three and four bedroom properties attracting strong interest soon after coming to market. Demand for rural and more energy-efficient homes has also continued as tenants increasingly balance location and lifestyle with the ongoing cost of running a home. With fewer properties available, affordability and choice will be important factors to watch as we move into the final quarter.”

Market Overview - Q3 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 £577 0.9% 31.4% 6.9% 37 7 12% 54%
2 bed £813 1.1% 28.0% 6.6% 37 6 11% 54%
3 bed £1,137 -0.7% 20.1% 1.0% 44 5 7% 43%
4 bed £1,728 -0.7% 16.1% 10.9% 29 -6 8% 59%
All £884 -0.3% 23.6% 6.6% 37 5 11% 53%

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
2026 99.2 101.1 99.9  

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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