According to figures from Scottish Legal, real estate transactions in Aberdeen rose by 9.8 per cent in 2024. The Granite City has always been a ripe place for property investment, and it’s clear that investors still view it as one of the key locations in the UK.
There are various reasons why Aberdeen is such a real estate hotspot, with its coastal location a huge factor. However, anyone interested in getting into the market in the city should know that it’s got a lot more going for it than just that.
Property Investment Companies Interested in Expanding in Aberdeen
When thinking about where the best places to invest in real estate are, it’s always a good idea to look at some of the major players in the industry to see what they’re doing. There are a few online property investors with a keen interest in the Scottish city, as they know that it’s a prime location for easily selling houses on again.
We Buy Any Home in Aberdeen, for instance, is looking to expand its portfolio in the city. The company admires the city’s distinct neighbourhoods and properties, and also knows that houses only stay on the market for a matter of days. The average house price in Aberdeen is £149,861, and this still represents good value in such a real estate hotspot.
Strong Rental Market in the City
One of the main reasons why property investors want to get a foothold in Aberdeen is due to the strong rental market in the city. There’s an eclectic mix of people residing in the area, including students and young professionals. These people don’t tend to buy properties outright and prefer to rent.
According to figures from the Office for National Statistics, the average rent is £832 in Aberdeen, up from £777 in 2023. Property investors know that they can easily find people to rent their houses and apartments, ensuring a steady flow of income.
Regeneration Projects and Quality of Life
Another great fact about Aberdeen is that there are constant developments to improve the quality of life for people who live there. There have been a few excellent urban regeneration projects in recent years, including the redevelopment of the city’s beachfront. The local government invested a whopping £50 million on three key sites, highlighting its commitment to maintaining the aspects that make Aberdeen such a desirable place to live.
Aberdeen has a strong track record of ranking high on quality of life lists in the UK. The access to stunning nature is a huge factor in this, but it’s also due to the access to good work opportunities and healthcare facilities. It’s well-known for its happy and friendly people, and many people who don’t already live there want to be a part of that.
Real estate investors should be constantly looking for new areas to expand in, and Aberdeen remains one of the prime spots in the UK. With plenty of investment in improving its open areas, it’s going to continue to attract homeowners and renters for many years.
