Uncertain times indeed. I bought a one bedroom flat in Aberdeen for my student daughter for a discounted price a year or two back. I have been considering a larger flat but I am very wary even if I am able to negotiate a significant discount from the asking price. There is a huge amount of flats on the open market, far far more than there are buyers for that is ultimately what is driving the downward trend. What might look like reasonable value today could look very different in 5 to 10 years time unless there is a significant turnaround in the oil industry which looks highly unlikely. Bob Fraser should be a little careful with his relentless upbeat comments.
