Congratulations to Edinburgh, + 6% YoY....

chewmylegoff

1984ReturnsForReal wrote: »

Why are you quoting someone from 15 months ago?

I get the point but at least drag a new one out.

Why are you rebumping this already bumped thread and thus making the situation even worse....wait a minute. ahhh carp.

1984ReturnsForReal_2

chewmylegoff wrote: »

Why are you rebumping this already bumped thread and thus making the situation even worse....wait a minute. ahhh carp.

................................:p

geneer

Sorry if this bothers you chaps.
I wouldn't worry though.

Hamish does seem to have lost interest in Edinburgh discussion of late.
I've no idea why.:A

geneer

geneer wrote: »

Hamish does seem to have lost interest in Edinburgh discussion of late.
I've no idea why.:A

Ok. I know why. :rotfl::rotfl::rotfl:

http://www.espc.com/house-price-news/edinburgh-house-price-reports/february-2011.html

• In the three months to February the average house price in Edinburgh stood at £205,191 following an annual increase of 1.5%.
• The number of homes selling is still around 50% below levels seen at the peak of the market.
• Although supply has eased recently, the number of homes for sale still exceeds the number of people looking to buy meaning market conditions continue to favour buyers.
• 75% of homes sold over the last three months at Fixed Price went for less than the asking price – up from 63% a year ago.

David Marshall commented: "Due to the lower number of homes selling you would expect to see some volatility in the average selling price figures within the city. Overall though, we are definitely starting to see prices easing back from the high levels recorded last summer and we expect this trend to continue during the first half of 2011.
There are more homes on the market than at this time last year meaning buyers are in a stronger negotiating position now than they were 12 months ago and this is being borne out in the figures we’re seeing. Over the last three months 75% of homes sold at Fixed Price went for less than the asking price, up from 63% during the same period last year.
Conditions remain challenging for sellers and those that are achieving sales are generally having to show some flexibility in negotiations.

Its not all bad news for sellers though.

The good news for sellers though is that when it comes time to buy the shoe is on the other foot and they may well be able to secure their new home for less than they originally expected."

Look Spamish. The "new peak" melted away.
Just like I said it would at the time.

HAMISH_MCTAVISH

geneer wrote: »

Look Spamish. The "new peak" melted away.
Just like I said it would at the time.

Prices higher in summer than winter.

Shocker.....

You didn't need to predict that geneer, I've been telling you for years...:D

And remind me again, what time of year was the "old peak"....:D

FATBALLZ

mewbie wrote: »

Quoted. And nailed.

Dan: wrote: »

It's in my signature also.

mewbie wrote: »

Er. good. Now you thought you had caught me, out but after thinking for a couple of minutes I have come up with this.

You could change your signature.

Dan: wrote: »

Don't worry, I won't, even if I'm proved wrong like brit.

Dan lied. He must have stopped posting on this forum in shame when it become obvious he would be proved wrong.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Prices higher in summer than winter.

Shocker.....

You didn't need to predict that geneer, I've been telling you for years...:D

And remind me again, what time of year was the "old peak"....:D

Do we get new peaks each summer?

You learn something new on here every day.

geneer

HAMISH_MCTAVISH wrote: »

Prices higher in summer than winter.

Shocker.....

You didn't need to predict that geneer, I've been telling you for years...:D

And remind me again, what time of year was the "old peak"....:D

:rotfl::rotfl::rotfl:What a doofus.
Still sticking to the "seasonal variations gambit" eh Spamish.
Tens of thousands of pounds eh.
The kind of "seasonal variations" that you were unable to prove occured prior to the market melt down in 07. In Edinburgh, Aberdeen or anywhere else. :cool:

But then you've been advised of this, In no uncertain terms, before Hamish.

So it seems very strange that you're sticking so rigerously to
a roundly discredited argument.

Boy, it must really frustrate you being stunningly wrong, the comedic lengths you go to to pretend its not the case.

For example, a recent previous schoolin' for out resident tin foil hat wearing bull.
http://forums.moneysavingexpert.com/showpost.php?p=41345100&postcount=53

HAMISH_MCTAVISH wrote: »

You mean they were less noticable in the 2004-2007 market rises.
They were still there, just smaller.

:rotfl::rotfl::rotfl:


Anyhow, for the avoidance of doubt
Seasonal variations right? Lets see what the ESPC think.

Following the "new peak":-

October 2010:

David Marshall, business analyst with ESPC explained: "The growth we saw in the house prices earlier in the year largely reflected a rise in the proportion of large homes selling which obviously inflated the average. Over the last month or two, we’ve seen sales of smaller properties increase a little which has gone some way to reverse that trend and this partially explains the decline in the average house price figure

November 2010:

David Marshall, business analyst with ESPC explained: "During the first half of the year we saw the average house price in Edinburgh rising but the increases in the average were largely due to a comparatively high number of larger properties selling.

December 2010:

The average house price rose as high as £235,772 in July but has since fallen back to its current level of just under £212,000.
David Marshall, business analyst with ESPC explained: "We saw some fairly rapid growth in the average house price during the first half of 2010 but much of that was based on greater demand for family homes, as a result of which larger homes accounted for a greater proportion of sales.

January 2010:

The average house price in Edinburgh during the three months from November to January stood at £214,222 following a modest annual rise of 1.1%. The increase was attributable to a rise in the number of larger homes selling however, with comparison of selling prices of similar homes revealing that in most cases values were actually around 5% lower than they were a year ago.

Even the estate agents won't give you the time of day.

The forum awaits your response with baited breath.

DaddyBear

geneer wrote: »

ESPC OCT 2010 Average house price in Edinburgh in October stood at £213,718 following an annual fall of 3.7%. The drop marked the first annual decrease in Edinburgh since January.


I wonder if Edinburgh maintains its leadership role.

A Hamish thread with a sensationalist headline based on a completely inaccurate source? What a shocker.

Jimmy-p_3

What a Richard Head Hamish is,,,do you think he actually beleives himself??????????