Oil Capital Defies the Downturn As House Prices Fall Just 0.7 Per Cent

Summary

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THE average cost of buying a new home in Aberdeen fell by only a fraction last year as Europe's oil capital continued to buck the housing slump affecting other parts of Britain, it was revealed yesterday.

A report released by Aberdeen City Council and based on statistics supplied by Aberdeen Solicitors' Property Centre (ASPC), has shown that the average house price in the local housing market area decreased from GBP 202,479 to GBP 201,115 between 2007 and 2008 - a fall of only 0.7 per cent.

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Oil Capital Defies the Downturn As House Prices Fall Just 0.7 Per Cent

Over the same period, the average price of a house in Scotland fell by 2 per cent to G...

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