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Aberdeen flats drive housing market resilience amid broader slowdown

New figures indicate that the Aberdeen flat market is demonstrating robust performance, with rising demand pushing up both sales volumes ...

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New figures indicate that the Aberdeen flat market is demonstrating robust performance, with rising demand pushing up both sales volumes and prices, even as sales of other property types in the city experience year-on-year declines.

The Q2 2026 report, a collaboration between ASPC and the University of Aberdeen, reveals that flat sales reached 475, marking a 5.3% increase compared to the same quarter last year. In contrast, sales of detached and semi-detached homes saw decreases of 4.8% and 6.1% respectively over the same period.

Overall property prices in the Aberdeen area experienced a modest 0.7% year-on-year increase. Breaking down the figures, the average flat price in Aberdeen rose from £114,770 to £116,800. Semi-detached properties also saw an average price increase, moving from £185,072 to £190,802, while detached houses increased from £323,585 to £327,346.

John MacRae, Chairman of ASPC, offered his perspective on the findings. He stated: “The university report’s 3 indices show a mildly encouraging picture of our local area housing market for the second quarter of 2026. The 3 price indices all show some positive improvement – although the realistic view may be contained in the annualised 5 year price index.”

MacRae further commented on the broader economic landscape, noting: “My own, intuitively based view is that, despite seasonal fluctuations, the local market is coping reasonably well in difficult times. The economic background, the political atmosphere, the international news, all tend towards a resultant caution in the market.”

Market activity, measured by transactions as a share of all dwellings listed on the ASPC platform, also showed an upward trend. This share reached 29.87% in Q2 2026, an increase from 24.41% in Q1 2026 and 27.03% in Q2 of the previous year. Properties were, on average, selling for fractionally under their asking price, indicating a balanced market.

Mr MacRae elaborated on this stability, saying: “In my view, that demonstrates a generally consistent pattern of price behaviour over the last five years, reflecting a market grounded in common sense, where values remain relatively stable and buyers are not pressured to pay the premiums seen in some other parts of the country. In that respect, we are fortunate that local property prices continue to be driven by underlying value and affordability.”

He acknowledged the seasonal nature of the market, explaining: “Given all that, the figures are relatively reassuring. The second quarter of each year is, normally, the most active, so that needs to be borne in mind.” MacRae also suggested a potential “catch up” element in the Q2 figures following a subdued first quarter, “Our first quarter was a little more subdued, year-on-year, due mainly to a prolonged spell of miserable weather, so there may be a small element of catch up in the second quarter figures.”

Overall, total sales in Q2 2026 reached 1,525, representing a significant 35.3% increase compared to Q1. Broken down by property type, flat sales rose by 23.7%, semi-detached houses by 39.5%, and detached houses by 43.9% over the quarter.

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