Aberdeen/shire house prices

bradshaw_chris

Does anyone know when the January 2009 Register of Scotland data becomes available on their website? I'm assuming (hoping) the slight rise in December was just part of a natural fluctuation, and that the downward trend should set in....

IveSeenTheLight

bradshaw_chris wrote: »

Does anyone know when the January 2009 Register of Scotland data becomes available on their website? I'm assuming (hoping) the slight rise in December was just part of a natural fluctuation, and that the downward trend should set in....

they have only just released Decembers.
Usually I found them to be about 2 months lag i.e. January's should be released sometime in March

Which area in Scotland are you looking at as even localised areas in Scotland are reacting differently?

Even from the reports up to December, it is easy to produce a graph such as below.
One thing that will be interesting is the introduction of Home Reports.
We've already seen reports that less homes are coming to the market because of these reports

bradshaw_chris

I'm specifically interested in Banchory, so have been monitoring the Aberdeenshire statistics. It's too small an area just to look at Banchory, the data is too easily skewed by outliers (expensive/cheap houses). But just from looking at local sales of similar properties (in my price band), it seems asking prices are going down. However, most of the houses out there have been on the market for >6 months, there's no need blood coming in, just the expensive/undesirable properties being left behind.

I'm in no rush though - happily renting and waiting for the trough (assuming house prices do fall...).

IveSeenTheLight

bradshaw_chris wrote: »

I'm specifically interested in Banchory, so have been monitoring the Aberdeenshire statistics. It's too small an area just to look at Banchory, the data is too easily skewed by outliers (expensive/cheap houses). But just from looking at local sales of similar properties (in my price band), it seems asking prices are going down. However, most of the houses out there have been on the market for >6 months, there's no need blood coming in, just the expensive/undesirable properties being left behind.

I'm in no rush though - happily renting and waiting for the trough (assuming house prices do fall...).

Yeah, I see your interested in a £400k property.
That could get quite a sizeable property for that in Aberdeenshire

I notice there are 22 properties advertised in ASPC around Banchory between £250k and £400k some under offer and with half being under £300k
There were not many £400k+ properties

You originally asked for ROSEA stats for January. I doubt these will be local enough for your needs.
Aberdeenshire is a vast area. you may be better offrunning your own report

bradshaw_chris

IveSeenTheLight wrote: »

Yeah, I see your interested in a £400k property.
That could get quite a sizeable property for that in Aberdeenshire

I notice there are 22 properties advertised in ASPC around Banchory between £250k and £400k some under offer and with half being under £300k
There were not many £400k+ properties

You originally asked for ROSEA stats for January. I doubt these will be local enough for your needs.
Aberdeenshire is a vast area. you may be better offrunning your own report

I can't see that Banchory will differ too much from the Aberdeenshire average, in terms of price fluctuation. As much as the residents like to claim that Banchory is its own micro-climate (weather & property prices), I don't see that holding true in a severe recession.

Saying that, you might just be right (who can be certain?), so may just run off a more localised search. Any idea how?

IveSeenTheLight

bradshaw_chris wrote: »

I can't see that Banchory will differ too much from the Aberdeenshire average, in terms of price fluctuation. As much as the residents like to claim that Banchory is its own micro-climate (weather & property prices), I don't see that holding true in a severe recession.

Saying that, you might just be right (who can be certain?), so may just run off a more localised search. Any idea how?

With Aberdeenshire being so large, I doubt that Banchory will react the same as Inverurie, Huntly, Kemnay, Ellon, Peterhead, Stonehaven, Alford etc etc
The area is so vast.

as to how to run a localised Banchory stats, unfortunately for such a localised area, a lot will have to be done manually.
Since you are happy to rent and wait and believe there is a drop to be had then you will believe you have some time.

I would start by

• taking a note of the ASPC / local estate agent publications details of properties you would be interested in.
• Record / find out when they went on to the market
• Take a note of when they sell
• Find out by how much they sell by
• Go an view the properties to understand the amount of interest and the amount of refurbishment required
• note interest with some properties you would genuinely be interested in. that way you are informed if there are any further interest and how many are willing to go to bid stage
• Start looking at websites that show the sale price (need a bit of lag time there)

When you do the above, you'll start to get a very good idea of locally the market and what you should pay.
Bear in mind, the more info you get the better your market idea will be

vintage1977

In my own experience, Banchory tends to be at above Aberdeenshire average when it comes to house prices. I found when I was looking that similar styled 3/4 bedroom houses were selling for a good 20,000-30,000 (sometimes higher) more in Banchory than they were in Alford for example.

mewbie_2

IveSeenTheLight wrote: »

Mitchaa agreed to buy in Q1 2007, therefore on average, Aberdeen is up 16% since then

Come on, they're crashing faster than one of his dodgy helicopters.

IveSeenTheLight

mewbie wrote: »

Come on, they're crashing faster than one of his dodgy helicopters.

Nice try at a wind up, but it wont work
You obviously don't look at facts and just guess.
Maybe prices will drop in the future months, who the hell knows.

But just for you, once again, here is a graph taken from ROSEA data showing quite clearly that the prices are not "crashing"

novazombie

IveSeenTheLight wrote: »

LOL, try reading the last few posts and think a little.
Mitchaa agreed to buy in Q1 2007, therefore on average, Aberdeen is up 16% since then

Your the one who needs to read and understand whats going on.

It never ceases to amaze me, that there are still people out there who dont know whats going on.

This is the reason the crisis will take longer. The sooner prices come back to what they should be the sooner recovery can start.