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Debate House Prices
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Best performing property markets in UK????
Comments
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Graham_Devon wrote: »Oh right, so your talking about the city only. Right, yes I did do aberdeenshire.
Aberdeenshire is a huge place, and is covered by more than one SPC, and multiple markets that all perform very differently.
ASPC covers Aberdeen, it's suburbs, and the southern shire. MSPC covers Morayshire and some of northern aberdeenshire. HSPC covers highlands but also some of the central shire.
As I said though, the SPC's have a lock on most property sales, 90% plus go through them.
As for narrowing it down, ASPC covers Aberdeen and the surrounding suburbs. I couldn't really care less what happens a 4 hour drive away...... Thatd be like you including Birmingham with Manchester......“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Aberdeenshire is a huge place, and is covered by more than one SPC, and multiple markets that all perform very differently.
ASPC covers Aberdeen, it's suburbs, and the southern shire. MSPC covers Morayshire and some of northern aberdeenshire. HSPC covers highlands but also some of the central shire.
As I said though, the SPC's have a lock on most property sales, 90% plus go through them.
As for narrowing it down, ASPC covers Aberdeen and the surrounding suburbs. I couldn't really care less what happens a 4 hour drive away...... Thatd be like you including Birmingham with Manchester......
Huh, I doubt aberdeenshire is 4 hours side from side, so no its nothing like me including birmingham and manchester.
Anyway, will leaveyou to it, I'm not sure what significance a 5 mile radius of aberdeen city centre has on this board.0 -
Graham_Devon wrote: »Huh, I doubt aberdeenshire is 4 hours side from side, so no its nothing like me including birmingham and manchester.
Anyway, will leaveyou to it, I'm not sure what significance a 5 mile radius of aberdeen city centre has on this board.
LOL.
The thread is about one city, thats done well. And an invite to others to note how their city or town is doing.
But your sour grapes are noted for future reference.:rotfl:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Aberdeen does seem to have its own local economy that's mostly dependent on oil and gas, but I thought the wells are running out? Won't that impact heavily on house prices in the long run?
Sell now, whilst you still can, before it becomes a ghost town?No reliance should be placed on the above! Absolutely none, do you hear?0 -
Aberdeen does seem to have its own local economy that's mostly dependent on oil and gas, but I thought the wells are running out? Won't that impact heavily on house prices in the long run?
Sell now, whilst you still can, before it becomes a ghost town?
Heh heh, hardly.
The north sea has enough oil and gas for another 20 years or so, at least. And looking at likely oil price rises, there is at least one good oil price led boom in store for aberdeen, and maybe two or three.
At some point this will run out. The only question then is what will replace it? Aberdeen has a concentration of engineering skills that make it an ideal base for green energy companies, (offshore wind and tidal use similar skill sets) and indeed, many are setting up there.
However Aberdeen is also a world leading research centre for life sciences, and there is enormous potential for commercial exploitation on the back of this as well.
As for impact, well, the entire oil and gas industry, and it's supply chain, only account for 13% of jobs in Aberdeen. So whilst it is a significant employer, given that we have 20 years at least to sort out a replacement, the chances of becoming a ghost town is very slim indeed.
What would Aberdeen (and it's property prices) look like without oil and gas??? Probably a lot like any other rural economy regional hub, such as Inverness, only bigger and with a couple of major universities. Prices in Inverness are about 10% to 15% lower than Aberdeen on average. So not as good as today, but hardly catastrophic.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
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..
Yep getting pretty boring already. The constant optimism in light of the problems seems a little bizarre. But I guess he lives in an abnormal microeconomic environment, which isn't representative of the UK, hence the delusion.
Some people just aren't capable of seeing outside of their perspective.0 -
Just by way of explanation, the local area I am talking about is London N2. The peak figure included the sale of Toprak Mansion at £50 million, which did rather distort the average figures for that quarter. So, I think you need to be a bit careful looking at figures for a particular area.
it doesn't work like that - it doesn't take average prices like the halifax or Nationwide. it works on Repeat-sales Regression.0 -
I was talking about one of the websites that quotes average figures for the locality. I agree that the LR figures are based on repeat sales. I gather Hamish's figures are from the Aberdeen Solicitors Property Centre, who no doubt use the most sophisticated statistical techniques.
No reliance should be placed on the above! Absolutely none, do you hear?0 -
I was talking about one of the websites that quotes average figures for the locality. I agree that the LR figures are based on repeat sales. I gather Hamish's figures are from the Aberdeen Solicitors Property Centre, who no doubt use the most sophisticated statistical techniques.
The sales are split by local suburb and also by property type to avoid the precise bias you reference.
And FYI, the monthly data sets from Registers of Scotland back up the price rises almost exactly.:beer:
If you want to argue validity of data sources, it gets no more accurate than RoS (scottish land registry). You may want to check that before making yourself look foolish next time. I provided a link earlier for that very purpose.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »You may want to check that before making yourself look foolish next time.
Welcome to ignore.No reliance should be placed on the above! Absolutely none, do you hear?0
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