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House prices take a tumble in Aberdeen


12-24-2017

 

 

Sales at Hamilton Grand, above, a luxurious development on Golf Place, where four-bedroom flats cost from £4.1 million, helped to elevate the address into the top spot on a list of Scotlandís most expensive streets

Sales at Hamilton Grand, above, a luxurious development on Golf Place, where four-bedroom flats cost from £4.1 million, helped to elevate the address into the top spot on a list of Scotlandís most expensive streets

Internet

House prices on one of Aberdeenís most expensive streets have fallen by 20 per cent in a year, new data has revealed.

Property values on Rubislaw Den South, a tree-lined avenue in the cityís West End, have fallen dramatically over the past 12 months as the oil industryís declining fortune pushes out investment, jobs and people.

Research by the Bank of Scotland produced a shortlist of the nationís 20 most expensive streets using data from the Registers of Scotland.

However, the average property price on Rubislaw Den South, ranked this year as the second most expensive street in the city, fell from £1.516 million last year to £1.224 million.

www.thetimes.co.uk

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