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Bbc Ramping Aberdeen

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http://www.bbc.co.uk/news/business-24348196

Two cities in the UK - one is a centre of commerce, has runaway house prices, and welcomes a constant stream of overseas property buyers. The other is London.

House prices in and around Aberdeen have more than doubled in the past 10 years, according to data from the Nationwide Building Society.

That increase is only matched by the trendy north London borough of Islington, and by Westminster in the heart of the capital of the UK.

Recent figures show that Scotland's third city is recording a fresh surge in property prices. One estate agent describes the area as a property force field.

"Everywhere outside is doom and gloom, but it is boom time here," says Brian Sutton, of James and George Collie solicitors and estate agents.

The city has demand from first-time buyers willing to pay above valuation levels, interest from workers moving to the area, investors keen to get in on the act, and a lack of homes for sale.

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Well we need to diversify our economy. We can now flog Aberdeen new builds in the Far East as well as London new builds. Then, when foreigners own all of London and then Aberdeen we can start selling Manchester and Edinburgh as well.

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Aberdeen is enjoying a quiet boom due to oil industry, it won't last though, people have short memories about what happened during the first oil boom when wealth squandered then when it came to an end how people couldn't cope.

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Aberdeen is enjoying a quiet boom due to oil industry, it won't last though, people have short memories about what happened during the first oil boom when wealth squandered then when it came to an end how people couldn't cope.

I work in the oil industry and these people earn a lot of money. Contractors on 4 figure day rates with niche skills. There's plenty working down south flying back and forth and believe me I've witnessed the obscene amounts of money being paid to people in this area. That's why Aberdeen is flippin expensive.

Edited by Starla

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