Aberdeen/shire house prices

mitchaa

Another estimate that will make you weep DT

http://www.telegraph.co.uk/news/uknews/2131258/North-Sea-oil-will-last-for-100-years'.html

100 years

To get some credibility back about how Aberdeen is doomed in 10-15yrs, please provide some factual evidence to back up your claims please

Have i mentioned wind energy, nope, i'll stop there and let you recuperate for a while before going down this road;)

When the oil in the N.Sea eventually does run out, please explain why Aberdeen will be any different to any other British city that does not have an industry? Please explain why Aberdeen will be any different to the likes of Manchester/Birmingham/Newcastle/Glasgow etc etc.

I.e what do these major cities offer industry wise?

Actually thinking about it, what other places in the UK bar London and Aberdeen offer such profitable industries??

beingjdc

mitchaa wrote: »

Please explain why Aberdeen will be any different to the likes of Manchester/Birmingham/Newcastle/Glasgow etc etc.

Smaller, and further away from everything else. Aberdeen isn't on the scale of a Manchester or a Birmingham - in population terms it's around the same sort of size as Northampton, or Preston.

Logically, without oil house prices in Aberdeen should be close at normal times to where they would be in Dundee at the bottom of a cycle, given that there would be a legacy of overinvestment.

That doesn't mean it couldn't reinvent itself, but the comparison of Aberdeen right after the oil bust isn't with Manchester or Birmingham now, it's with Sheffield or Leeds in 1983.

donaldtramp

Not a very smart post on your account DT, you've given yourself upto being a troll now with the above response.

I doubt you are living in Scotland, never mind Aberdeen, your knowledge on the subject is dire

Reports are 6 months old...

http://news.bbc.co.uk/1/hi/scotland/7435016.stm

http://www.snp.org/node/13905

http://www.dailymail.co.uk/news/arti...f-century.html

Have a read of that and tell me again why Aberdeen and its oil industry will be finished in 10yrs:rolleyes:

Read it and weep my friend, with further advances in technology, deeper drilling fields to be explored, we will not be running out of oil in our life times

Ive not put anyone on my ignore list, but you are getting very close:p

ISTL was correct before, you are a troll at the windup:D

Why a troll? Is it because I have different views from you?
I assure you, I live in Aberdeen and work in the advancing technology areas you're quote at me.
Put me on your ignore list, then you can keep living in your nice little bubble:p. That would be nice eh?

If you are at an employment level where you,
"get all the overtime you wish",
I am at a different level, having to discuss the future of various oil fields.

I'll ask again, did you read that report I posted? The future of the North Sea is very clear if you read through it(and understand it;)).

As for quoting the populist nonsense that the SNP put forward to justify and pay for their claim for an "independant Scotland" is below me.

Me and a lot of guys at Oil companies discussed that very program the week after it went out stating that the "future was rosy" for the North Sea.
The program was a whitewash. All your quotes are linked and came from that same source(even the Telegraph, look at the dates).
I agree there is Oil left out there but it is very, very hard to produce and it is in tiny, trapped pockets.

I'll be correct about the 10-15 year prediction. I WILL bet my house on it. (At the right time)

donaldtramp

Oil Service giants warn jobs will be axed.....

http://www.pressandjournal.co.uk/Article.aspx/1048483

It is not going to get better for a while. I do think that oil prices will absolutely rocket again once we are through this crunch but unfortunately in the North Sea (on the whole) production is in terminal decline and we won't be able to cash in.

IveSeenTheLight

North-east poised for wind power jobs boom

http://www.pressandjournal.co.uk/Article.aspx/1053678

IveSeenTheLight

Taking the lead in renewable energy

http://www.pressandjournal.co.uk/Article.aspx/1053804

IveSeenTheLight

Hopes high for energy jobs bonanza

http://www.pressandjournal.co.uk/Article.aspx/1054725

t1gger

I hate saying this but, I told you so

IveSeenTheLight

donaldtramp wrote: »

I'll remember to post up next quarters house price results from the local solicitors office ASPC when they are published early January.

I'll take almost any bet that they've dropped and by a fair amount even in Aberdeen/shire.....

http://business.scotsman.com/mortgageandpropertynews/-Oil-capital--defies.4948534.jp

Oil capital defies the downturn as house prices fall just 0.7%


Published Date: 05 February 2009
By Frank Urquhart


THE average cost of buying a new home in Aberdeen fell by only a fraction last year as Europe's oil capital continued to buck the housing slump affecting other parts of Britain, it was revealed yesterday.
A report released by Aberdeen City Council and based on statistics supplied by Aberdeen Solicitors' Property Centre (ASPC), has shown that the average house price in the local housing market area decreased from £202,479 to £201,115 between 2007 and


2008 – a fall of only 0.7 per cent.

Over the same period, the average price of a house in Scotland fell by 2 per cent to £141,229, while the UK average fell by 8 per cent to £181,032.

For the first time since 1999, the average house price in the Aberdeen housing market area has overtaken the UK figure.

Last month, a report by the ASPC revealed the average property price in the Aberdeen housing market area for the fourth quarter of 2008 was £192,570 – only £339 less than the average for the previous quarter.

Commenting on the latest figures, John MacRae, chairman of the ASPC board of directors, said: "The figures for the whole year of 2008 bear out the figures recently released, but applicable only to the fourth quarter of 2008 – namely, the Aberdeen housing market area appears to be enduring the current recession comparatively well."

But he said: "It is too early to say if this is something that will remain consistent and the external factors influencing the rest of the world must have an effect on our area to some extent.

"In addition, the current position is possibly being skewed by the impact of the introduction of home reports on 1 December, 2008.

"At the end of the first quarter of this year it should be possible to tell more accurately how matters stand and how we may expect the trends in the local market to evolve for the rest of the year."

Mr MacRae added: "While prices are holding up well, there is a concern about the volume of transactions."

According to the report, the number of house sales in the Aberdeen housing market area totalled 5,071 in 2008 compared with 7,248 in 2007.

The lowest average price of £144,923 was in the Bridge of Don, while the highest average price of £356,282 was in Lower Deeside.

Mind you the Registers of Scotland Executive was showing a larger drop till November.
Then again, December and January's figures are not yet released

b0rker

Ah right this is where you Aberdonians are hanging out these days.

I was going to move to Aberdeen and buy there 5 years ago too.

Wish I had now. My friend did and she has made a very good money on her property just recently.