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Debate House Prices
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Shock as Edinburgh house prices fall 12%
Comments
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HAMISH_MCTAVISH wrote: »In all fairness, theres no way Aberdeen prices rose 13% in 3 months
The RoS and SPC actual sold price data both contradict this report.
Depite the fact I'd love to gloat about Aberdeens 13% rises.... It's just not true.
Lloyds obviously have an error in their sampling methodology.
Actually it is true Hamish
Check out the graph below which monitors house prices as data taken from the RoSEA.
You can see the price has went from circa £150k to £170k which is a 13% increase. It did happen after a similar fall
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Lloyds TSB price monitor?
Probably best correlating that to the RoSEA figures to see if there's any substance to the claims.
Aberdeen is a small city, 200k people or so.
How are things with you mitchaa? How is the sale coming along? Are you at the stage of preparing to move out?
Have you made any decision about buying and significantly upsizing yet, vs renting for a while?0 -
IveSeenTheLight wrote: »I don't think asking prices as an index is the best anywhere.
I've explained before how monitoring asking prices is flawed.
Once more in case you get it this time.
The condescending rubbish isn't needed.
I'm never going to "get it" as "it" is your own personal outlook at things. You are forever therefore stating that others just don't get it and just dont understand. But it's just your viewpoint.
What you seem to have missed is the very fact that asking prices have a lot to do with actual sold prices, and a hell of a lot to do with sentiment and a lot to do with how quickly houses are selling, therefore, supply and demand.
Sentiment over the last 2 years, seems to have gone up a little and now back down.
So how about we quit with the condescening remarks and deal with the graph. I'm sorry if it's not your preferred graph, though I can see why that may be
0 -
Graham_Devon wrote: »I'm never going to "get it" as "it" is your own personal outlook at things. You are forever therefore stating that others just don't get it and just dont understand. But it's just your viewpoint.
This is what debate is Graham, people express their viewpoints and if your mind is open to the facts presented to them, your own viewpoint may be altered.
Closing your mind into the thought process of not considering other viewpoints.
You have previously questioned people for not answering the questions, so I ask again in the example I placed, did this house price rise or lower?A property was last bought for £90k
In general property has increased so the owner decides to test his hand and market at £150k
It doesn't sell.
So he reduces the asking price to £120k and sells the property.
Now Graham, has the property: -
a) Increased in price by 33% ((120/90)-1)*100%
or
b) reduced in price by 20% ((120/150)-1)*100%
Can you see now how monitoring the asking prices means little when it comes to what actual sales prices achieve?
In this simple example, can you not see how monitoring asking prices shows the asking price lowering but actually the sold price has risen?Graham_Devon wrote: »So how about we quit with the condescening remarks and deal with the graph. I'm sorry if it's not your preferred graph, though I can see why that may be
It's not a question about graphs as to what preference I might have if the information in the graph is relevant.
I agreed that your graph had a note of similarity by showing stagnation, which I also showed in the actual sold prices over a set time period (last two years).
I merely questioned the graph because it dealt with asking prices while the graph I provided was definitive of actual sold prices:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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