The "Silver City by the Golden Sands"
Discover Aberdeen's Real Estate
Aberdeen is Scotland’s third-most populous city, with a population of almost 200,000. Located in the northeast of the country, it is known around the world as ‘Granite City’ because most of its buildings are made out of grey granite. Aberdeen is considered one of the most livable cities in the world due to its booming economy, incredible infrastructure, and colorful culture. This hugely popular Scottish city has been turning quite a few heads in recent years, especially among those looking to invest in real estate.
Culture, History, and Business
The area where Aberdeen now lies has been home to human settlements for around 8,000 years. By the 13th century, it was home to around 3000 people, which was enough for it to be considered a small town. The city played a significant role in the Wars of the Three Kingdoms from 1644 to 1647, and it wasn’t until the 19th century that the city showed its true potential as a hub for fishing and shipbuilding industries. Aberdeen has since then continued to gain significant importance in the economy of Scotland, making it the industrial center it is today.
Aberdeen is a city thriving in the cultural aspect. It is home to countless galleries, theaters, and museums, making it a town that sufficiently pays homage to its deeply rooted traditions. The most famous cultural attractions of the city include Aberdeen Art Gallery, His Majesty’s Theater, Gordon Highlanders Museum, and The Lemon Tree. The city is also host to many events and festivals throughout the year, the most notable of which is the University of Aberdeen’s May Festival.
Aberdeen’s economy has significantly evolved over the past century. Up until the 1970s, the city’s primary industries included textile, shipbuilding, fishing, and paper-making. However, recent developments have led to Aberdeen having outgrown these businesses. The economy of this city now heavily depends on technology, agricultural research, and, most importantly, its oil industry. Due to its rapidly growing economy, this city plays a vital role in the financial well-being of Scotland.
Real Estate Appeal
The real estate market of Aberdeen is among the thriving ones in the Scottish economy. The city is economically very stable, mainly due to its highly-efficient petroleum industry, which is crucial to the European economy. With many other businesses booming in the area as well, commercial property investment has become increasingly popular.
The demand for housing in Aberdeen has consistently been on the rise due to its rapidly increasing population. The city takes a top slot when it comes to the quality of life, prompting more and more people from around the world to move here. Prices showed a significant slump in recent times but are now showing a steady rise, making this the perfect time for real estate investors to buy properties in Aberdeen.
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