Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Housing prices rise in the north east as sales drop in Aberdeen

Aberdeen city centre
Aberdeen city centre

Housing prices in the north east have soared in the last year, while the volume of sales in Aberdeen simultaneously dropped.

New figures have shown that the average cost of a home in Aberdeen has gone from £210,127 on this time last year to £221,268 in 2014 – a rise of 5.3%.

In Aberdeenshire the number of homes being purchased has risen by 8.3% from 1,549 to 1,677 as the average house price went from £220,627 to £232,803.

However, the number of properties being purchased in Aberdeen dropped by 8.7% from 1,676 in 2013 to 1,531 this year – the second most significant decline in Scotland.

The figures – released yesterday by the Registers of Scotland show an overall increase in the price of Scottish homes in the second quarter of the 2014 financial year, as compared to 2013.

Across Scotland as a whole, the number of properties being sold has risen by 9.1% since July 2013, and the average house price for the country now sits at £170,190.

The overall value of residential sales in Aberdeenshire has also soared from £341.7million to £390.4million in 2014, while the Granite City dropped from £352.1million to £338.7million this year.

However, John MacRae, chairman of the Aberdeen Solicitors Property Centre (ASPC), said the figures reflected a “steady recovery” in Aberdeen city and shire’s housing market.

He said: “2013 saw quite a significant price increase compared to previous years. Volumes of sales in Aberdeen and Aberdeenshire were very depressed in 2009 after the big financial crisis.

“There’s been a slow, steady recovery. I think we’re returning to normal volumes.

“There was certainly a market affect in sales by the referendum. We’re waiting to see now. It’s too close to see what the outcome of the referendum has had.”

Mr MacRae added: “In Aberdeen what I think the case is that people have to have somewhere to live, it’s not like deciding to go out for dinner, people don’t have much choice, they have got to buy somewhere to live. They have got to dive into the market.

“Aberdeen prices are high, they are some of the most expensive in Britain, not just Scotland.”

He added that Aberdeenshire homes offered “more for the same money” than many city properties, and might be why the region has seen considerably more sales.

Flats in the city have risen from £156,615 to £170,546 despite a 7.5% drop in the number of flat sales.

Already a subscriber? Sign in