Aberdeen property prices
Discussion
Does anyone know how Aberdeen property prices are at the moment. We’re looking at relocating from Glasgow and were wondering what the ‘Offers over’ prices are.
We’ve just sold in the west of Glasgow and it went at 42% over the ‘Offers over’ price and about 28% over HR value, but I know that the west of Glasgow is crazy at the moment. I’ve notice that a lot of houses for sale in Aberdeen at ‘offers over’ are the HR value, which is not the case in Glasgow.
Just looking for a bit of info from someone in the area who knows what’s happening and whether it might be worth a cheeky offer on any properties we might see.
Thanks for the help.
We’ve just sold in the west of Glasgow and it went at 42% over the ‘Offers over’ price and about 28% over HR value, but I know that the west of Glasgow is crazy at the moment. I’ve notice that a lot of houses for sale in Aberdeen at ‘offers over’ are the HR value, which is not the case in Glasgow.
Just looking for a bit of info from someone in the area who knows what’s happening and whether it might be worth a cheeky offer on any properties we might see.
Thanks for the help.
Edited by ciaranthemurph on Monday 23 July 11:22
My mum just sold one place and bough another, both properties sold within 2k of home report valuation. From the time she was looking it seemed that very desirable stuff was going a little over home rep valuation (one place recently went for 395k with home rep value of 385k), others are going below home rep/offers over price. The longer it's been on the market the more likely they are to go under it seems (probably unsurprisingly). There have been a few houses I've seen come and go in a few day and others have lingered a long time. But it does also depend what part of the market you're looking at. Big percentages over value aren't a thing up here though atm.
The market in Aberdeen is stuffed at the moment..... flats circa 25% off peak of the market and new build developments have slowed right down. Anyone paying more than the valuation would be just plain mental. There are a lot of properties out there that have been for sale for 2-3 years, which pre-oil price crash never happened.
Yes, some things are still selling ok - semi detached 3 bedders for example, but that's due to pent up demand from those who couldn't afford the peak prices and only if they're sensibly priced.
Last summer there were just over 5,000 properties on the register and that was pretty bad. This year it's over 6,000.
Yes, some things are still selling ok - semi detached 3 bedders for example, but that's due to pent up demand from those who couldn't afford the peak prices and only if they're sensibly priced.
Last summer there were just over 5,000 properties on the register and that was pretty bad. This year it's over 6,000.
PaulD86 said:
What sort of size of property are you after and have you an area of the city you are looking at in particular?
We’re just looking for 3/4 bed in the west of the city, either side of Anderson Drive (Rosemount or Hazelhead I think). The wife lived in Aberdeen for 12 years before Glasgow, so going on her recommendations.There seems to be quite a few properties ticking the boxes on aspc, garden, garage/space for garage etc.
ciaranthemurph said:
PaulD86 said:
What sort of size of property are you after and have you an area of the city you are looking at in particular?
We’re just looking for 3/4 bed in the west of the city, either side of Anderson Drive (Rosemount or Hazelhead I think). The wife lived in Aberdeen for 12 years before Glasgow, so going on her recommendations.There seems to be quite a few properties ticking the boxes on aspc, garden, garage/space for garage etc.
jshell said:
There's a small oil 'boom' coming - there may not be another one after that. Many folks are planning on baling out on the next apparent 'high'...
You can’t know that though. Due to the improved oil prices, the US is starting to crank up shale production again. We’ll end up back at square one.... unless there’s a war.rossub said:
jshell said:
There's a small oil 'boom' coming - there may not be another one after that. Many folks are planning on baling out on the next apparent 'high'...
You can’t know that though. Due to the improved oil prices, the US is starting to crank up shale production again. We’ll end up back at square one.... unless there’s a war.You’ve misunderstood me - I was saying you don’t know that there will be any boom coming, because as soon as the oil prices rise, the Americans open the shale taps. When they do that, the prices fall again. As you’ll know, the UK is a small pawn in amongst the US/Saudi/Russia oil game players.
Trump has already said the oil price is too high as it is.
Trump has already said the oil price is too high as it is.
ciaranthemurph said:
We’re just looking for 3/4 bed in the west of the city, either side of Anderson Drive (Rosemount or Hazelhead I think). The wife lived in Aberdeen for 12 years before Glasgow, so going on her recommendations.
There seems to be quite a few properties ticking the boxes on aspc, garden, garage/space for garage etc.
Remember to consider the AWPR (bypass) which is - honestly - about to open. It changes a lot in terms of commutes and desirable places to live. Also the rail route between Aberdeen and Inverurie is being dualled so (potential) significant improvement to that service, including new station at Kintore.. There seems to be quite a few properties ticking the boxes on aspc, garden, garage/space for garage etc.
About prices - I think the responses above are accurate... nothing going significantly over valuation, things can be hanging around for a while.
rossub said:
You’ve misunderstood me - I was saying you don’t know that there will be any boom coming, because as soon as the oil prices rise, the Americans open the shale taps. When they do that, the prices fall again. As you’ll know, the UK is a small pawn in amongst the US/Saudi/Russia oil game players.
Trump has already said the oil price is too high as it is.
Ah, OK! There's signs of some green shoots right now, a flurry of activity, more jobs being advertised and some projects being sanctioned. I do think there is a short/med term upturn coming. But, I think the smart money will use it to further bale out of the local market...Trump has already said the oil price is too high as it is.
I remember Aberdeen in it's hey-day, wonderful exciting place. Makes me sad to see the shell of a place it is turing into.
One of neighbours moved out to a new build and did one of these trade in deals.
Checking on Zoopla they were paid £40k more than their house was worth and what it sold for a few months later.
A sneaky way for the developer to make it look as if his houses and getting list prices when they aren't.
Checking on Zoopla they were paid £40k more than their house was worth and what it sold for a few months later.
A sneaky way for the developer to make it look as if his houses and getting list prices when they aren't.
Aberdeen has the biggest gap between asking and selling prices in the UK:
http://www.thisismoney.co.uk/money/mortgageshome/a...
http://www.thisismoney.co.uk/money/mortgageshome/a...
We had an offer accepted on a property in Aberdeenshire last week, 20% under original asking. Seems "fixed price" is fairly meaningless .
At the weekend we viewed some show homes around Aberdeen "to get ideas" (wife talk), some developers are looking £750k for 2500sq ft homes such as this https://www.cala.co.uk/homes-for-sale/north-of-sco...
Eyewatering, but I assume a lot less then would have been the case the a few years ago.
At the weekend we viewed some show homes around Aberdeen "to get ideas" (wife talk), some developers are looking £750k for 2500sq ft homes such as this https://www.cala.co.uk/homes-for-sale/north-of-sco...
Eyewatering, but I assume a lot less then would have been the case the a few years ago.
Honestly depends on the price bracket you are buying into. A lot of the 400k+ properties can hang around for a long long time.
I've just sold in Tayside and bought in Aberdeenshire. Sold for about 7% over valuation, bought for exactly valuation cost. Good time to get a bargain but thing's are picking up slowly.
I've just sold in Tayside and bought in Aberdeenshire. Sold for about 7% over valuation, bought for exactly valuation cost. Good time to get a bargain but thing's are picking up slowly.
I just sold in Aberdeenshire (just outwith commuter area) for 2% below valuation and a very quick sale.
Bought in more rural Aberdeenshire where the oil decline has had less of an impact on a property that had been on the market for 3 years and came in 10% below valuation.
Both properties had a niche market too.
Bought in more rural Aberdeenshire where the oil decline has had less of an impact on a property that had been on the market for 3 years and came in 10% below valuation.
Both properties had a niche market too.
house prices can be bizarre in north east houses nearby me in rural shire not selling at all yet mate put her house up for sale last week and got offer immediately at price she wanted
looked at zoopla for house a mile away that sold 2 years ago down in value by £30,000 which I know was their deposit, hopefully prices will pick up but have been inflated for years due to oil boom
looked at zoopla for house a mile away that sold 2 years ago down in value by £30,000 which I know was their deposit, hopefully prices will pick up but have been inflated for years due to oil boom
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