The findings, based on data supplied by Aberdeen Solicitors’ Property Centre (ASPC) member firms and official property registers, point towards a cautiously optimistic outlook, characterised by stable pricing and growing market activity.

The Aberdeen House Price Index recorded a quarterly change of -0.5%, with annual growth of +0.5% and a five-year annualised change of +0.9%. These indicators point to a steady market, with modest fluctuations across property types and localities suggesting an environment of continued stability.

Market activity continued to strengthen during the third quarter, with 1,714 properties sold, a 9.7% increase from the previous quarter and a 12.9% rise compared with the same period last year. Transaction levels for flats grew significantly, up 29.4% year-on-year, while detached and semi-detached homes also recorded positive gains.

The report further notes that the mark-up ratio, which compares selling prices to asking prices, remains at 0.99. This suggests that most properties are achieving close to their asking prices, reinforcing confidence in the market’s predictability.

John MacRae, ASPC chairman, said: “Given the general economic outlook, the university’s latest report provides a mildly encouraging picture.

“More homes are coming onto the market, and more are selling – often at or around the asking price. Buyers and sellers alike appreciate the stability and predictability that this represents.

“While we are not seeing dramatic movements in price, the strength in transactional activity suggests the local market is performing relatively well. It is an environment that offers confidence to those looking to buy or sell in the months ahead.”

The findings reflect a housing market that continues to recover gradually, supported by consistent levels of buyer engagement and measured price adjustments. Together, these factors point towards a sector that is regaining its footing and demonstrating resilience amid broader economic uncertainty.