Aberdeen has experienced the most significant drop in house prices across Scotland, as ongoing uncertainty surrounding the North Sea oil and gas industry continues to exert pressure on the city’s property market. New figures released by property firm DJ Alexander reveal that average house prices in Aberdeen decreased by £7,517 over the last year.
This decline has brought the average property value in the Granite City to £128,485, down from £136,003 a year prior, according to DJ Alexander. Consequently, average house prices in Dundee, recorded at £133,932, have now surpassed those in Aberdeen. This local trend starkly contrasts with the broader Scottish market, where average house prices rose by 1.9% during the same period, increasing by £3,532 to an average of £186,684 across the country.
David Alexander, chief executive of DJ Alexander Scotland, attributed the substantial fall in Aberdeen to the persistent concerns over the future of the oil and gas sector. He stated: “The fall in prices in Aberdeen is large and this is undoubtedly due to continued uncertainty over the future of the oil and gas sector impacting heavily upon property prices.Until there is some clarity on the future direction for the sector this is likely to continue.”
In a contrasting development, Aberdeenshire recorded a rise of £3,673 over the year, pushing its average prices to £198,130. Mr Alexander suggested this upward trend in Aberdeenshire might reflect a shift towards remote working, reducing the necessity for residents to be based within the city itself. Meanwhile, the Highland region also saw a modest price decrease of just over £2,000, settling its average property value at £207,818.
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Reflecting on the wider Scottish housing market, Mr Alexander noted a general slowdown following a peak late last year. Average prices in Scotland reached £193,044 in November 2025 before receding by £6,360 in the subsequent months, a pattern mirrored across England and Wales.
Chris Comfort, a partner at Aberdein Considine, described the beginning of the year as “challenging” for Aberdeen’s house prices. He elaborated: “The market was inevitably impacted by severe winter weather in early January, mortgage rates rising and global geopolitical tensions.”
However, Comfort observed signs of market revival last month. “We saw signs of a significant uptick in April as mortgage rates stabilised and first time buyer purchases picked up the pace,” he confirmed.
