New figures from the Aberdeen Solicitors’ Property Centre (ASPC) show 563 flats were sold between July and September this year, while the average sale price fell to £118,949.
The new data shows a 29.4% increase compared with the same period last year, the P&J reports.
Chris Comfort, Aberdein Considine partner, believes demand for flats had been boosted by first-time buyers and investor interest, despite prices being under valuation.
He said: “For the last few years, prices for houses have tended to fare better than flats and when split in the city they point to two quite distinct markets.
“Whilst the report shows that flats are still on average selling beneath valuation, the increased level (29.4%) is a positive and this is likely down to a number of factors.
“The likelihood is that first time buyers are again looking at flats to get a foot on the housing ladder, while investors are looking at the higher than national average rental yield offered in Aberdeen.
“A number of landlords are also looking to offload existing portfolios due to recent changes to leasing regulations.”
