A compelling article in yesterday’s Press and Journal, which suggests the Aberdeen property market is set for a period of turbulence given the difficulties facing the oil sector. This appears to conflict with the enormous levels of ‘live’ construction activity you see driving through the city and it certainly does contradict the volume of activity we witnessed while in the city again last week. Whilst many of the construction and housebuilding clients we met suggested it was ‘business as usual’ and demand for quality staff outstrips supply, some more recently have raised concerns over the significant drop in footfall through sales suites going to the extent of scaling down their expected production forecasts for 2016. Thankfully most clients remain positive that they will be able to weather the storm, however, severe and there appears to be a consensus that any ‘pause’ will be short-lived.
On Saturday (7th Feb) we’ll be back in Aberdeen as one of the sponsors for the Aberdeen Association of Civil Engineers (AACE) Dinner and we’ll get a further temperature check from guests attending. With the new Aberdeen Bypass, rail enhancements from Aberdeen to Inverness and upgrading of routes throughout Grampian we doubt that they will be feeling the pinch.
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