Aberdeen housing market shows “encouraging” signs

John Low. Image Credit: Simon Price

STEWART Milne Homes says it has seen “significant increase” in demand at its developments across the north east of Scotland as the Aberdeen property market starts to recover.

Sales across the firm’s seven developments in Aberdeen and Aberdeenshire are up 20% on the same period last year.

John Low, managing director at Stewart Milne Homes said it was encouraging to see confidence returning to the local economy. He added, “We have seen both an increase in footfall to our developments as well as an upturn in levels of sales. Homeowners who had previously decided not to move due to the economic uncertainty now feel that this is the right time to move while prices remain competitive.”

Darroch Robertson, partner at Graham + Sibbald agreed. He said, As signs of positivity within the oil and gas industry improve slightly, this has also had an impact on the general level of optimism in the area. Feedback across the property sector is that the residential market appears to have reached a base level and there are signs of improvement with a number of local housebuilders reporting that visitor traffic is up on developments and sales numbers have been very positive so far in 2018.”