House prices in Aberdeen are now 16 per cent lower than they were at the end of 2014 JEFF J MITCHELL/GETTYAberdeen was the only major British city where house prices fell last month. The Hometrack UK Cities House Price Index found Scotland’s oil capital was down 3 per cent to an average of £179,700. The fall in oil prices at the end of 2014 had a severe impact on the city’s economy. House prices are now 16 per cent lower there than in December 2014. However, he noted that in the upper bracket, between about £450,000 and £600,000, homes had sold for more than their valuation as supply there began to…

Source: The Times August 24, 2017 16:07 UTC