2013 has seen a turnaround in the Aberdeen and Aberdeenshire property market. There has been a marked increase in both the volume of property sales and the prices achieved. Levels of activity are significantly higher than they were even a year ago.

Figures from Aberdeen Solicitors Property Centre show a 30% increase in the volume of sales in the third quarter of this year compared to the same period in 2012. Prices are also up by 6% in the city and suburbs over the same period.

There has been a noticeable increase in the number of closing dates being held. It has been quite common to see sale prices of 5% to 10% above valuation and, in some instances even more in particularly competitive closings.

Average prices are now almost back to the peaks recorded in 2007 and indeed recent figures from the Nationwide Building Society show that average prices in Aberdeen have doubled over the last ten years.

2013 saw James & George Collie open a new dedicated sales office at 450 Union Street, Aberdeen.  Located between Rose Street and Chapel Street, in the heart of the city centre, the sales office enjoys a prominent position on Aberdeen’s main street and provides ideal exposure for properties on the market for sale.

James  & George Collie are continuing to increase their presence in the local property market. In the last 3 years the number of properties we have sold have increased by over 40%. In 2013, up to the beginning of December we have already sold 330 properties with a sale value of £77,000,000.

With continuing confidence in the local economy and the housing market the signs are favourable that 2014 will be another strong year for property sales.

For further information or advice please contact the property sales office on 01224 572777 or our estate agency partner Brian Sutton on 01224 563340.