Activity in the Aberdeen property market has bounced back to the same level experienced before the recession hit the UK, according to north-east property experts.
Aberdeen Solicitors’ Property Centre (ASPC) yesterday published housing statistics for the second quarter of 2014 – which show that the sector continues to show “strong growth”.
Overall sales in the city increased by 31.2% compared to the previous quarter, while house prices rose by 7.7%.
The number of flats sold increased by 21.2%, semi-detached home sales increased by 32.1% and detached house sales surged by 42.5%.
Chairman of ASPC’s board of directors, John MacRae, said he was waiting with interest to see what impact the referendum would have on next quarter’s figures.
“These figures demonstrate that the market in Aberdeen continues to show strong growth,” he said.
“A rise in prices was foreseen as mortgage funding eased but we are now seeing, in addition, an increase in the number of houses selling. In effect, our market is back to the level of activity seen before the events of 2008.
“It will be interesting to see what, if any, effect the referendum in September has on figures in the second half of this year and the first six months of 2015.”