general news

Signs of Recovery in Aberdeen
4th May 2009

On 11th March 2009, we forecast that we were three weeks away from the bottom of the property market in Aberdeen

Some evidence that this has now happened

1. In the last week of April-a closing date for a 2 bed property in the city centre needing refurbishment, which had 15 noted interests

2.In the last week of April-a closing date we had for a property in Cove which went for approx 8% over the Home Valuation.

3.Every day for the last two weeks,we are dealing with at least two requests for quotes for purchases and sales.

The first time buyer market is definitely picking up, activity wise, and in due course I think we should see properties around the £200,000 mark start to sell during this coming month, with properties from £200-400,000 moving during June and July.

By August I think we may even see prices being achieved of at least 10% over Home Valuation, as demand oustrips supply once more.

Should you sell before you buy-well that depends very much on what you are looking for.

For up to the minute expert advice which could save you/make you thousands then contact us at The Property Market in Holburn Street.

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