Aberdeen continues to see the greatest property price growth in the UK property market, where house prices have more than doubled and properties were selling faster than anywhere else in the country, according to property consultants, CKD Galbraith.
The firm has officially opened its office in Cults, this week to meet strong demand in the burgeoning North East residential property market.
In attendance at the opening was Martin Gilbert, Chief Executive of Aberdeen Asset Management along with CKD Galbraith Chairman, Iain Russell and Partner Tom Stewart.
CKD Galbraith’s team of experienced agents are operating in Aberdeen’s prime property market (above £400,000) where their local knowledge and national presence provide an unrivalled position when representing clients.
Heading up the office’s residential team will be newly appointed agent Jordan Mackay. Jordan has a wealth of experience in the residential property market spanning 15 years having started his career with Aberdein Considine and moving up the ranks with the firm to then join Stewart Milne Homes as both part exchange and area sales manager, latterly managing the Grampian area overseeing a team of ten.
Jordan Mackay said: “I am delighted to be joining the established team of agents in Aberdeen at an exciting time for the firm which has seen it expand into the Aberdeenshire market. Having many years experience operating in the North East I very much look forward to bringing my local knowledge to the firm and establishing a presence in the prime property market in which CKD Galbraith operate.
“The first half of 2014 has seen a strong increase in business across our offices throughout Scotland and we expect this to continue throughout the summer and autumn months especially in the prospering Aberdeenshire market.”
According to various reports including the Nationwide Building Society, Aberdeen has seen the greatest property price growth in the UK over the past decade, where house prices have more than doubled, as a result of the housing market being intrinsically linked with the region’s rich oil, gas and renewable energy sources.
In addition, in the 12 months to April 2014, Aberdeen properties were selling faster than anywhere else in the UK (according to a recent report by Home.co.uk), with properties in the Bride of Don area taking only nine days on average and the region of Westhill taking only 12 days.
Latest figures from the Registers of Scotland reported a 30.7 percent rise in the volume of sales in the Aberdeenshire area for the period January – March 2013 compared to the same quarter the previous year, with Aberdeen City showing an 8.2 percent increase.