Aberdeen continues to see the greatest property price growth in the UK, with the value of houses more than doubling in 10 years and properties selling faster than anywhere else in the country, according to property consultancy CKD Galbraith.
The firm officially opened its office in Cults, Aberdeen, last week to meet strong demand in the north-east residential market.
On hand at the opening was Martin Gilbert, chief executive of Aberdeen Asset Management, along with CKD Galbraith chairman Iain Russell and partner Tom Stewart.
Heading up the office’s residential team will be newly appointed agent Jordan Mackay. He has a wealth of experience in the residential property market after starting his career with Aberdein Considine 15 years ago.
He moved up the ranks and then joined Stewart Milne Homes as both part-exchange and area sales manager, latterly managing the Grampian area and overseeing a team of 10.
Jordan said: “I am delighted to be joining the established team of agents in Aberdeen at an exciting time for the firm which has seen it expand into the Aberdeenshire market.
“Having many years experience operating in the north-east, I very much look forward to bringing my local knowledge to the firm and establishing a presence in the prime property market in which CKD Galbraith operate.
“The first half of 2014 has seen a strong increase in business across our offices throughout Scotland and we expect this to continue throughout the summer and autumn months, especially in the prospering Aberdeenshire market.”
According to various reports, including the Nationwide Building Society, Aberdeen has seen the greatest property price growth in the UK over the past decade, with house prices more than doubling as a result of the property market being linked intrinsically with the region’s rich oil, gas and renewable energy sources.
In addition, in the 12 months to April 2014, Aberdeen properties were selling faster than anywhere else in the UK – according to a recent report by Home.co.uk – with properties in the Bridge of Don area taking only nine days to sell on average and those in the area around Westhill just 12 days.
Latest figures from the Registers of Scotland reported a 30.7% rise in the volume of sales in the Aberdeenshire area for January-March 2013 compared to the same quarter the previous year, with Aberdeen City showing an 8.2% increase.