Subscribe to our Construction Newsfeed
Scotland Construction Directory
Search our 14,045 companies....

Construction News

27/05/2014

House Prices Surge At The Seaside

A new report by Halifax has found that house prices in a number of seaside towns in Aberdeenshire have doubled in the last 10 years.

In Fraserburgh, property prices have increased by 141%, from an average of £53,600 in 2004 to more than £129,000 in 2014.

Cove Bay (119%), Peterhead (118%), Inverbervie (114%) and Stonehaven (101%) saw the next biggest gains in the Scottish region.

Elsewhere in the report, Halifax said that house prices in seaside towns throughout the UK had risen by around £500 a month over the last decade, but it was still "significantly cheaper" than property prices throughout Britain in general.

-- Advertisement --
NorthernAsbestosServicesLtd

Craig McKinlay, Mortgage Director at Halifax, explained: "Seaside towns provide a unique lifestyle opportunity and remain popular places for people to live, while also attracting those looking for second homes or holiday properties which can place additional upward pressure on house prices.

"For once, oil and water have mixed – with Aberdeenshire at the heart of Scotland's vigorous energy industry, it's little wonder that seaside houses have increased so substantially."

Figures from Land Registry and the Registrar of Scotland were used for the study.

(JP/IT)

Latest Construction News

20/07/2026
SSEN Transmission has begun drilling at Rattray Head, near Peterhead, marking a key construction milestone for the Spittal to Peterhead High Voltage Direct Current (HVDC) scheme. Work that commenced this month involves Horizontal Directional Drilling (HDD) beneath the coastline to forge the critica
Read More
20/07/2026
Family-owned, Glasgow-based housebuilder AS Homes Scotland has submitted a planning application for 59 new affordable homes in Glasgow's East End, in partnership with Home Group, one of the UK's largest providers of high-quality housing and integrated health and social care support. Located on the
Read More
20/07/2026
The Construction Industry Training Board (CITB) and the Federation of Master Builders (FMB) have launched a new RMI (Retrofit) Sector Skills Plan, developed with input from the Sector Advisory Group on which NFRC sits. NFRC has welcomed the plan and its aims. Focusing on domestic retrofit and on he
Read More
20/07/2026
Three Robertson-delivered projects have been recognised by the Royal Institution of Chartered Surveyors (RICS) as exemplars of the built and natural environment across the UK at recent regional ceremonies. In Scotland, the comprehensive refurbishment of BlackRock's Edinburgh office secured the Comm
Read More
20/07/2026
Glasgow city centre will be handed over to families for a celebratory weekend as the refurbishment of George Square reaches its next milestone. The phased reopening is already under way, with the north carriageway returning to use on 26 June following works that began in May last year. Plans are b
Read More
20/07/2026
As Andy Burnham prepares to enter Downing Street, the Federation of Master Builders (FMB) has urged the incoming Prime Minister to prioritise rapid housing delivery and targeted support for small construction firms as the economy stagnates. Making the call, Brian Berry, Chief Executive of the FMB s
Read More
20/07/2026
Scottish Ministers have granted consents and marine licences for the North and South Caledonia offshore wind farms in the Moray Firth. Together, the schemes will cover around 429 km² and host up to 140 wind turbines. According to the projects, they could generate enough electricity annually to supp
Read More
20/07/2026
SSEN Transmission has revised plans for a temporary construction compound near Contin after listening to concerns raised by the local community during consultation and engagement. The facility, which will support delivery of the mainland underground cable section of the Western Isles HVDC Link, wil
Read More
17/07/2026
Construction has begun on a new £3.3 million paint facility at BAE Systems’ Govan shipyard in Glasgow as part of a wider programme to modernise the city's naval shipbuilding infrastructure. The new facility will allow ship blocks to be painted in a dedicated space, freeing up existing areas at the
Read More
17/07/2026
Retrofit and energy-efficiency specialist Procast Group has secured two awards at the Energy Efficiency Awards, with apprentice electrician Cameron Sleith also recognised as Apprentice of the Year. The company was named Regional Insulation & Fabric Installer and Contractor of the Year at the awards
Read More
SEEIT3DCTW Safety LTDBusiness Solutions (SW) LTD123vNormac Oils LtdRox ElectricalCaledonia Crane Hire LtdSpray Solutions Scotland LTDPAUL Heat RecoveryCorsehouse Commercials Ltd