Best performing property markets in UK????

mitchaa

Yakubu22 wrote: »

this thread gives a new dimension to the phrase "Bull Sh**"

Please elaborate? Facts and figures prove themselves, just look at my signature data.

Some places are relatively immune and has been said right from the start. Aberdeen was always going to fair well.

HAMISH_MCTAVISH

mitchaa wrote: »

Please elaborate? Facts and figures prove themselves, just look at my signature data.

Some places are relatively immune and has been said right from the start. Aberdeen was always going to fair well.

Absolutely correct.

I originally predicted Aberdeen would fall 15% to 18% from peak, versus 35% or so for the nation as a whole.

It now looks like that was extremely pessimistic...... The worst is behind us and the national average is 17%, and Aberdeen only 6.9%.

Yakubu22

mitchaa wrote: »

Please elaborate? Facts and figures prove themselves, just look at my signature data.

Some places are relatively immune and has been said right from the start. Aberdeen was always going to fair well.

You are correct some places (i.e Aberdeen) appear to be relatively untouched. But to imply the UK housing market is great, based on these few exceptions is a little misleading.
You agree that Hamish enjoys winding up other people a lot?

geoffky

HAMISH_MCTAVISH wrote: »

About 350 sales per month,which is decent volume for a small place like Aberdeen, but slower than peak.

Total property on the books of all agents is around 1150, which is not that far off 2007 levels in the high 900's. Properties are sitting for longer than they were, but prices are up a solid 8% to 10% from the trough earlier this year.

Newbuilds have taken the brunt of the losses, prices for old granite properties are often higher today than they were at "peak".

Aberdeen is not a small place and you well know that...it proves that in a city like yours the sales figures are dismal and no amount of ramping is going to get the market back to normality in the short to medium term....

Out,_Vile_Jelly

If people want to flog ridiculously overpriced granite huts to each other, it's perhaps just as well that they all live in the middle of nowhere, far away from anywhere the rest of the world would ever want to live.

Graham_Devon

Summary of Properties for Sale in Aberdeenshire

Total properties for sale in Aberdeenshire: 2,152
Properties for sale in Aberdeenshire listed in the last 14 days: 234
Average* price of properties for sale in Aberdeenshire: £229,606
Average Time on Market (ToM) in Aberdeenshire*: 181 days

It's about average looking at other areas, but for some reason prices are going up, apart from on terraces.

According to Nationwide though, prices are down 14% in Aberdeen. Depends again on what index you use. This article was June 30th 2009...

http://www.guardian.co.uk/money/2009/jun/30/house-prices-regional-breakdown

In general, Scotland's urban areas have seen larger price declines than rural ones over the past year. Nationwide said Edinburgh was likely to have been affected by the concentration of hard-hit financial services industries in the city, although the average price of £217,433 is well above the £134,391 country average, despite being down 14% year on year. In Aberdeen prices are also down 14%, a drop the society said had been driven by a fall in world oil demand and prices over the past year.

HAMISH_MCTAVISH

geoffky wrote: »

Aberdeen is not a small place and you well know that...it proves that in a city like yours the sales figures are dismal and no amount of ramping is going to get the market back to normality in the short to medium term....

In 2009, 1329 were sold in Q2, versus 2000 odd in 2007, and 1800 odd in 2006.

Sales volumes are roughly 66% of 2007 levels, and roughly 73% of 2006 levels.

Under no circumstances could that be desribed as "dismal"...... But I've already agreed they are down from peak.

So did you have a point? Or was it just more blatant geoffky trolling?

HAMISH_MCTAVISH

Graham_Devon wrote: »

Summary of Properties for Sale in Aberdeenshire

Total properties for sale in Aberdeenshire: 2,152
Properties for sale in Aberdeenshire listed in the last 14 days: 234
Average* price of properties for sale in Aberdeenshire: £229,606
Average Time on Market (ToM) in Aberdeenshire*: 181 days

It's about average looking at other areas, but for some reason prices are going up, apart from on terraces.

According to Nationwide though, prices are down 14% in Aberdeen. Depends again on what index you use. This article was June 30th 2009...

http://www.guardian.co.uk/money/2009/jun/30/house-prices-regional-breakdown

In general, Scotland's urban areas have seen larger price declines than rural ones over the past year. Nationwide said Edinburgh was likely to have been affected by the concentration of hard-hit financial services industries in the city, although the average price of £217,433 is well above the £134,391 country average, despite being down 14% year on year. In Aberdeen prices are also down 14%, a drop the society said had been driven by a fall in world oil demand and prices over the past year.

Yes, the figures being reported today are the actual sold price data from ASPC for Q2 2009, which handles 90% plus of all property sales in Aberdeenshire.

I would imagine older survey data, (as opposed to actual sales prices), as you quote above, may well show bigger falls. Particularly given the increases recently.

Registers of Scotland actual sold price monthly data series is showing similar rises btw.

Links here....... http://www.aspc.co.uk/Documents/HousePrices-2009Q2.pdf

And here...... www.ros.gov.uk

geoffky

hamish..your trolling is starting in the exact same way on here as it was on hpc and people will soon get sick of you....if not already...face the facts we are in a major correction for the housing market that was long overdue...get over it..

geoffky

73% of 2006 levels.

Under no circumstances could that be desribed as "dismal"...... But I've already agreed they are down from peak.



you really do believe this dont you? these figures are dismal