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VIDEO: Aberdeen house prices double in 10 years

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House prices in Aberdeen have almost doubled in just ten years.

New figures from Registers of Scotland show that an average property in the Granite City now costs £202,996 – up 98% on the 2004 average of £102,235.

Homes in Aberdeenshire have also shot up 86.5%, from £112,908 to £218,072.

http://www.youtube.com/watch?v=FqAPmg9s5VA&feature=youtu.be

A typical Moray home is now worth 55% more, jumping from £92,230 in 2004 to £143,027 today.

Highland property values have increased by nearly 40% more, from £110,627 in 2004 to £154,679.

Nationally, the average prices of all residential property types have increased significantly since 2004.

Flats have the largest share of the market, making up 40% of all residential property sales over the last decade

Registers of Scotland Director of Commercial Services Kenny Crawford said: “The wealth of statistical data available to Registers of Scotland is reflected in this 10 Year Property Market Report.

“It’s been an interesting decade for the Scottish property market, which is now showing real signs of recovery since the economic downturn in 2008.

“During the course of the 10 years covered by this report, there was an overall drop of 7.4% in total sales values. Despite this, there is evidence that the market is improving, as the year-on-year value of total residential sales between 2012-13 and 2013-14 grew by 22.2% to £13.8billion.

“This is the highest total sales value since the height of the market in 2007-08, when the value of residential sales was £23.2 billion, before the downturn in 2008-09.

“Activity in the property market gives us an insight into what’s going on in the Scottish economy, which is possible thanks to Registers of Scotland’s digital Land Register.”