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Aberdeen is Britain's property hotspot

ABERDEEN is Britain's new property hot spot with properties in parts of the Granite City selling in an average of just nine days.

A new survey shows that three Aberdeenshire postcodes took the lead as the fastest selling hot spots with a further three featuring within the top 20.

Other fast moving locations in the UK were SE2 in London where properties are selling in just 13 days and CB1 in Cambridge where homes are shifted in just 16 days.

But they played second fiddle to Aberdeen were properties were selling in an average of just nine days in AB22, with AB12 and AB32 taking second and third places in a hot spot chart.

Bob Fraser, senior property partner from Aberdein Considine, said: "Demand in the current market is predominantly in flats anywhere within a commutable distance of Aberdeen. The region attracts a large number of highly paid workers in the oil and gas industry.

"Due to high rental yields in the region, the higher level workers in the industry often buy property and lease it to the newcomers who are often on shorter contracts."

"Over the last few years the top end of the market has been driving sales in the area with an increase in the number of four - six bedroom family homes being built which are marketed in excess of half a million pounds. Now the market has returned to a more traditional model with lower end properties driving sales."

No other Scottish postcode features in the top 20 compiled by Move with Us and Home.co.uk, a list based on a study of 209,500 property sales.

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