Scottish Property... opinions?

poppy10_2

You don't even have to install firefox - just run the portable version

dolally_2

Ali1501 wrote: »

Just to mention, there's houses that came on the Market before mine in Nov 07 and are still on now. There are 3 properties in a village near Mintlaw (used to be a highly desirable place) been on for at least 4 months, just not shifted, not bad prices either. I think because they are in the 'first time buyers' bracket they just won't sell. FTB just dont have the deposit The caper of raising the Stamp Duty won't make any difference if you have no deposit to help get a mortgage.:rolleyes:

Not sure which village you are referring to but if you take Crichie as an example I truly feel that houses there have been well overpriced in the last couple of years.
Lots of property in places like Rosehearty up for grabs but not shifting, I think people will have to start dropping prices up here too - think the old deer properties got dropped by about £40k didn't they?

neverdespairgirl

johng_uk wrote: »

I wish they'd make a compatible version

I don't think it's a "they" at all - it's Beerhunter, who posts here from time to time, on his tod.

epz_2

scotland is going to be less effected by the credit crunch as lower house prices mean less savings are needed to get the 10-15% deposit.

what really will kick us in the nuts is the inevitable welfare reform coming, when 1/2 your economy is dependant on government spending and the government is running out of cash you are up a certain creek minus a paddle. in short i reckon prices here will take longer to drop and less rapidly but for a longer period.

in the Glasgow area i have noticed total stagnation with many places staying on the market for months.

aurorahelios

Looking at property bee I see your move have changed the STCM to under offer on their properties. I wonder if this is in response to the amount of properties coming back on to the market after supposedly being sold.

aurorahelios

If Alex Salmond gets his way with the 3p income tax in place of the council tax I can see the wealthier contingent of Scotland supporting house prices elsewhere as they seek a tax haven and become domiciled elsewhere. Leaving Scotland with rather a lot of holiday or unwanted homes and a shortfall in council budgets.

epz_2

aurorahelios wrote: »

If Alex Salmond gets his way with the 3p income tax in place of the council tax I can see the wealthier contingent of Scotland supporting house prices elsewhere as they seek a tax haven and become domiciled elsewhere. Leaving Scotland with rather a lot of holiday or unwanted homes and a shortfall in council budgets.

not sure I get your point 3% of income would likely be higher than current council tax for the wealthy, it does raise issues about people with multiple homes and english with a holiday home up here

aurorahelios

at the moment in fife the highest band of council tax costs £2236 per annum so anyone with a household income of over £75000 is going to end up paying more. I don't think thats a particularly high threshold of income and people with incomes substantially higher than that would probably consider a move elsewhere.

epz_2

aurorahelios wrote: »

at the moment in fife the highest band of council tax costs £2236 per annum so anyone with a household income of over £75000 is going to end up paying more. I don't think thats a particularly high threshold of income and people with incomes substantially higher than that would probably consider a move elsewhere.

good point, given the local income tax is meant to be revenue neutral thats probably another reason why its a bad idea.

beecher

aurorahelios wrote: »

at the moment in fife the highest band of council tax costs £2236 per annum so anyone with a household income of over £75000 is going to end up paying more. I don't think thats a particularly high threshold of income and people with incomes substantially higher than that would probably consider a move elsewhere.

The council tax is regressive and so people on lower incomes pay a higher % of their income on this tax. In your example, council tax would be 0.02% of household income, while someone with £20,000/year would perhaps pay £993 for a Band C property. This would be 5% of their income. This simply can't be seen as fair by anyone.