• The rental market in Aberdeen presents plenty of investment opportunities for investors aiming to invest in short-term lets and student housing. By listing their property on Airbnb, many hosts were able to earn a nice rental income.
• With the help of Airbtics, we were able to pinpoint Aberdeen’s top buy-to-let areas. Among other datasets, we also reveal the best property types you can get, along with their gross rental yields and potential annual revenue.

Unlocking Aberdeen’s Rental Market Lucrative Opportunities!

Known as the Oil Capital of Europe, the city of Aberdeen is located in the North East region of Scotland and is surrounded by the North Sea. This destination is renowned for its breathtaking landscapes composed of wonderful hills and mountains, rivers and quiet beaches. Aberdeen also features a rich heritage and plenty of fascinating historical sites and well-preserved granite buildings that gave it the nickname of “Granite City”.

It’s a given fact that Aberdeen stands out for many reasons such as its solid economy, affordable housing market and striking scenery. Additionally, Aberdeen presents a favorable environment for property investments, which can be quite the catch for investors looking to maximize their returns.

But take your time as you should do thorough research beforehand and set clear goals that will help you to make well-informed decisions. This is an important factor that shouldn’t be overlooked, especially if you want to operate a successful Airbnb business in Aberdeen. 

In this blog, we will go over some of the benefits of investing in buy-to-let properties in Aberdeen as well as the top locations to set up an Airbnb listing. Want to learn more? Continue reading if so!

Why should you consider buying an investment property in Aberdeen?

Aberdeen is known for various things such as its diversified economy, stunning landscapes and attractive opportunities that can quickly draw the attention of property investors. However, it’s always a good idea to consider the benefits that the real estate market can provide for investors. By knowing these advantages, they will have a better understanding of the rental market which will help them to make better investment decisions.

Some of the benefits of purchasing an investment property in Aberdeen include:

• High rental demand

There’s a large influx of professionals working in the oil and gas industry in Aberdeen and thanks to this, the city presents a high demand for rental homes. Additionally, the city is also home to two renowned universities (Aberdeen University and Robert Gordon University) that also attract many students. This opens up a profitable path for investors who aim to cater to student properties in Aberdeen. 

Moreover, Aberdeen is regarded as one of the cheapest cities in the UK for first-time buyers. Currently, the average house price in Aberdeen is £183K. It’s for this reason that investors can potentially obtain higher returns on their investments while also stepping into the UK’s property market at an affordable cost.

• Diversified economy

Aberdeen has long been regarded as one of the UK’s economic powerhouses thanks to its oil and gas industry. However, Aberdeen continues growing at a steady rate and has gradually diversified its industries! Some of its thriving sectors are those related to life sciences, tech, renewable energy resources, aquaculture and marine sciences. This provides plenty of employment opportunities to professionals, which also helps the city to enjoy a strong housing demand. 

• Great living conditions 

We can deny that Aberdeen is quite a charming city and the best part of it is that it features a clean and safe environment! Moreover, locals and visitors alike can also enjoy a good standard of living since the city offers a wide range of high-quality services such as a reliable healthcare system, good educational opportunities and well-developed infrastructure.

However, it’s not all rosy if we consider the oceanic climate of Aberdeen. This means that the city features cold weather with high levels of humidity most of the year. Summers are short and cool with plenty of cloudy days. Thus, you should be ready to bear these climate conditions if you are targeting Aberdeen.

• Take your time to discover this beautiful city

Aberdeen features a fascinating history and heritage that one must discover while staying in the city. The cultural scene in Aberdeen is thriving, and there are a variety of events and festivals which are held all year round. There’s also a large selection of museums, art galleries, restaurants, bars, shops, and entertainment venues, so you will always have something fun to do.

Additionally, Aberdeen is located in a region that is highly known for its breathtaking natural landscapes. This destination owns striking areas that are loved by outdoor enthusiasts like walkers, and windsurfers. Moreover, Aberdeen Harbour is a hotspot for marine wildlife watching!

Is Airbnb profitable in Aberdeen?

Wondering if owning an Airbnb property in Aberdeen is worth the effort? Don’t worry! Airbtics confirms that investing in rental properties in Aberdeen can help investors like you earn a steady passive income.

Let’s dive deeper into Aberdeen’s Airbnb market – According to Airbtics’ STR income estimator, hosts can generate an average revenue of £24,068 with a median occupancy rate of 88% for operating a 1-bedroom apartment in Aberdeen.