Sales are also up by four per cent, with the average property price rising by three per cent to £196,407.

ASPC chairman John MacRae thinks the market is likely to remain “reasonably resilient for the short to medium term”.

Estate agent Laura Mearns believes 2024 has so far “defied expectations”.

She said: “We’ve seen a surge in activity. Buyer confidence has been boosted by the stabilising mortgage rates, particularly in the first-time buyer market – 51 per cent of our properties listed were sold in quarter one, demonstrating a clear market shift.”

Figures indicate that 993 properties were sold through ASPC between October and December last year. The typical price of a flat in Aberdeen was £121,506, a semi-detached property was £190,609 and a detached home was £323,237.