High Quality of Life
Aberdeen boasts a high quality of life with excellent healthcare facilities, educational institutions, and recreational amenities. The city has a vibrant cultural scene, with theaters, museums, galleries, and parks offering ample opportunities for leisure activities.
Natural Beauty
Surrounded by stunning landscapes, Aberdeen offers residents easy access to beautiful beaches, lush countryside, and picturesque coastal areas. The city's proximity to natural wonders like Cairngorms National Park makes it an ideal location for outdoor enthusiasts.
Education
Aberdeen is renowned for its world-class universities and colleges, attracting students and academics from around the globe. The presence of prestigious educational institutions enhances the city's intellectual environment and contributes to its cultural diversity.
Transportation
Aberdeen benefits from excellent transportation links, including an international airport, railway connections, and well-maintained road networks. This makes commuting within the city and traveling to other parts of the UK convenient for residents.
Community Spirit
Aberdeen has a strong sense of community, with residents actively participating in local events, festivals, and initiatives. The city's friendly atmosphere and welcoming attitude make it an inviting place to live and work.
Overall, Aberdeen offers a blend of economic opportunities, cultural richness, natural beauty, and a high quality of life, making it an attractive destination for individuals and families alike.
Aberdeen, located in Scotland, offers several factors that make it a great place to live and work:
Strong Economy
Aberdeen's economy is largely driven by the oil and gas industry, which has attracted a skilled workforce and contributed to its prosperity. Additionally, the city has a diverse economy with sectors like healthcare, education, and tourism contributing to its stability.
Job Opportunities
The oil and gas industry, along with other sectors, offers abundant job opportunities in Aberdeen. The city is home to many multinational companies, providing a wide range of career options for professionals.
Property Prices
The average property price in the Aberdeen postcode area is £186K, with a median price of £150k. Over the last twelve months, the average price has remained stable, indicating sustained demand despite challenges posed by economic factors such as fluctuating mortgage rates and inflation.
In terms of property types, an established property in Aberdeen has an average price of £195k, while a newly built property commands a higher average price of £310k.
In terms of sales, there were 4568property transactions in Aberdeen. However, sales experienced a slight decrease of 3.73% (-177 transactions) due to the lingering effects of the Covid-19 pandemic and adjustments in mortgage interest rates.
Across Scotland, analysing property sales by price range reveals that the majority of properties were sold in the £20,000 to £145,000 range, accounting for 36,828 (36.4%) properties. This was followed by the £145,000 to £250,000 range, with 32,727 (32. 4%) properties sold.
When comparing average property prices and percentage changes in prices by postcode area, Aberdeen demonstrates resilience. It stands out as one of the top eleven places for affordable postcode areas in Scotland.
Regarding property types, flats generally present as more budget-friendly options compared to houses in Aberdeen.
Source - Registers of Scotland Property market report 2022-23, Financial year (1 April 2022 to 31 March 2023)
The Rental Market
A persistent disparity between supply and demand strongly influences this rise in rents.
Demand from prospective tenants is intensifying, but there aren’t enough UK rental properties to accommodate them. That is also true for Aberdeen tenants.
Source - Citylets - Q1 2024
Market Composition
Source - Citylets - Q1 2024
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The value of your investment can fluctuate in both directions. Historical trends and predictions are not always an accurate predictor of future results. We aim to provide useful information to guide you in making an informed decision. Still, seeking advice from a qualified financial or investment advisor for your unique circumstances is crucial. We do not offer tax or financial guidance and solely provide general information to aid in your investment decision-making process. We recommend investors seek independent advice and undertake their own due diligence prior to investing in any of the projects we introduce to them. Investment opportunities are not suitable for the general public or inexperienced investors. This is not retail crowdfunding and is not suitable for retail investors. Past performance does not guarantee future results.
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