House buyers ‘better off’ in oil capital

By Alison Campsie

Published: 12/02/2014

Aberdeen has been named the most cost-effective city in the UK for house-buyers, due to the gulf in spending between those renting or owning a property.

Researchers say someone buying a property in Aberdeen with a 10% deposit would be better off after just one year of home ownership, when compared to the cost of a tenancy over the same period.

Researchers said that the average property asking price was £206,060 in Aberdeen, with an average monthly rent of £1,275.

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