nationwide down 1.9%

mitchaa

mewbie wrote: »

Are you serious? Or do you live in Toytown along with Noddy?

Yes, i live with Noddy obviously.

Only Noddy would believe that every single house in the UK is falling as much as what nationwide/halifax tell us:rolleyes:

Someone in Brighton may well have lost 10%, doesn't mean someone has lost 10% in Inverness though.

Regional variations, it's really not hard;)

(I was speaking specifically about my area and in particular my street where houses are still selling for prices at O.O (Offers Over) )

mitchaa

mewbie wrote: »

I agree. However if someone makes a statement that seems so at odds with what we're hearing I would like a postcode to do some PropertyBee checking with.

How about all these, you'll be there a while;) .....

North - 20.6%
Aberdeen - 8.8%
Dundee - 9.4%
Central/Fife/Perth/Tayside - 9.9%
Edinburgh - 6.7%
South west - 9.1%
Glasgow - 4.4%
South east - 2.3%

http://news.bbc.co.uk/1/hi/scotland/7556887.stm

Quote:
The Scottish House Price Monitor showed that quarterly figures to the end of July rose by 1.6%, giving an average house price of £172,185. On an annual basis, it means Scottish house prices have risen by 9.3%

Long way off being anywhere near the 10% YOY negative;)

+10% on a £200k house is a £40k increase;)

BTW...Where are you hearing all this scaremongering?? That's right, on this board with all the scaremongerers. A world outside of MSE exists

ultra10

On the Average property, the fall was £4662 last month ALONE !!! On a Pro rata basis & even allowing for the Percentages decreasing as Houses go lower..that amounts to about £50,000 a year !!!!:eek:

mitchaa

ultra10 wrote: »

On the Average property, the fall was £4662 last month ALONE !!! On a Pro rata basis & even allowing for the Percentages decreasing as Houses go lower..that amounts to about £50,000 a year !!!!:eek:

Again that means nothing, is that based on the next 12 months or is that based on when the market started falling in Oct 07?

We are coming upto the true yearly anniversary in Oct, i can guarantee you it wont be showing a £50k drop;)

mewbie_2

Oh Scotland, now I understand. Not Toytown then, my bad.

I presume there are reasons why Scotland is immune, just like England was immune, then London, etc.

ultra10

mitchaa wrote: »

Again that means nothing, is that based on the next 12 months or is that based on when the market started falling in Oct 07?

We are coming upto the true yearly anniversary in Oct, i can guarantee you it wont be showing a £50k drop;)

You are right.. if taken from last October when this all really began I Estimate (If Todays figures are anything to go by...20k drop so far) a Year on year drop of about 25K this coming October... A drop in the ocean ... But as we are entering a recession also, who knows what the next year will hold ..

Jumping_Bean

mitchaa wrote: »

A lot but not all.

I certainly do not regret buying June 2007;) Similar houses on sale for a lot more than what i bought mine for last year (+£40k)

They're shifting too.

This 10% is a wide generalisation of a whole country which is pointless and most of all completely useless.

I would have wasted around £1100pm rental for 15mths since i bought, that's £16500 in rental. Instead i have paid around £4-5k off my capital and made in theory about £40k in growth.

Market currently is not moving up nor down.

So comments such as the comment 'MRSafeGaz' made is complete bol*ocks and has no relevance to a lot of people.

Do you live in Scotland?

Jumping_Bean

ultra10 wrote: »

You are right.. if taken from last October when this all really began I Estimate (If Todays figures are anything to go by...20k drop so far) a Year on year drop of about 25K this coming October... A drop in the ocean ... But as we are entering a recession also, who knows what the next year will hold ..

So the average person has saved a whole years salary by waiting for 12 months to buy a house. That's a pretty good reason not to have bought a year ago I think.

Another thought: There's also no way that they'd have paid anywhere near a whole years salary out in rent.

tr3mor

Jumping_Bean wrote: »

Do you live in Scotland?

I think he lives in Aberdeen.

Can't you tell from his teenage oil-prospector attitude?

stonethrower

mitchaa wrote: »

How about all these, you'll be there a while;) .....

North - 20.6%
Aberdeen - 8.8%
Dundee - 9.4%
Central/Fife/Perth/Tayside - 9.9%
Edinburgh - 6.7%
South west - 9.1%
Glasgow - 4.4%
South east - 2.3%

http://news.bbc.co.uk/1/hi/scotland/7556887.stm

Quote:
The Scottish House Price Monitor showed that quarterly figures to the end of July rose by 1.6%, giving an average house price of £172,185. On an annual basis, it means Scottish house prices have risen by 9.3%

Long way off being anywhere near the 10% YOY negative;)

+10% on a £200k house is a £40k increase;)

BTW...Where are you hearing all this scaremongering?? That's right, on this board with all the scaremongerers. A world outside of MSE exists

To be honest I don't know what house prices in Aberdeen are doing but 10% of 200k is 20k not 40k