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Key Changes

During the first quarter of 2011, the Aberdeen housing market area house price remains higher than both the UK and Scotland figures at £201,786.

Both the number of properties on the register, and the number of properties sold has seen an increase in the first quarter.

The number of properties added to the register has seen an increase on the previous quarter, from 921 in the 4th quarter of 2010 to 1404 in the 1st quarter of 2011.

Commenting on these figures, John MacRae, Chairman of the Board of Directors of ASPC said:-

“The current local market is showing signs of increased activity despite still experiencing residual effects of the general economic situation. As is not unusual, the fourth quarter of 2010 displayed a slight decrease in activity. Against that however, the current average price is still substantially higher than both the Scottish and UK national averages.

What has been more marked about the first quarter of 2011 is that volume has started to increase. We are now seeing more properties being placed on the market (and selling) than we had seen in recent times. There appear to be more properties going to closing dates and fetching prices above valuation. That is a good indication that there is growing confidence in the local housing market area.”

Further information can be obtained from:

John MacRae (Chairman of ASPC)

Tel: 01224 596341

E-mail: jam@mackieanddewar.co.uk

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