The impact of Aberdeen’s oilshock has resulted in a 24% fall in sales, yet there is little evidence of a corresponding reduction in property values.
An adjustment in prices will help to generate demand, reduce the high level of available stock and begin a housing market recovery.
Providing Aberdeen area house prices adjust in the short term, the prospects for longer term recovery are good.
The market will be underpinned by quality housing, top educational facilities, improving infrastructure and a diversifying economy.
Source : Savills