The property market in Aberdeen continues to boom with smaller developers looking to prosper and grow. Glasgow based property finance company, Development Finance Ltd recently held a series of face to face meetings in the Granite City and was overwhelmed by the response. The meetings were aimed at smaller property developers and builders looking to undertake new developments or conversions of farm steadings and traditional out buildings into luxury homes.
David Levitus, Director at Development Finance Ltd commented “over the last year we have been closely observing the Aberdeen property market and it has been going from strength to strength. Our meetings with developers exceeded our expectations; there are a lot of smaller, bespoke developers out there looking for funding by trusted finance partners. This shows the continued optimism in the Aberdeen property market which has been consistent through the recession with property prices having more than doubled in the last 10 years.
The finance company is currently in negotiation with a number of smaller developers on how they can work with them to finance their projects.