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Debate House Prices
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Congratulations to Edinburgh, + 6% YoY....
Comments
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HAMISH_MCTAVISH wrote: »Prices higher in summer than winter.
Guess where they're going to be in the summer Spamish?
No need, thanks to this tiny article, which appears to have stuck in the Scotsmans craw as much as it has yours.;)
http://business.scotsman.com/mortgageandpropertynews/Capital-house-prices-set-to.6730830.jp#6038323
<H1>Capital house prices set to dip up to 5%
House prices in Scotland's capital will slide by up to five per cent over the coming months as supply continues to outstrip demand, the Edinburgh Solicitors Property Centre (ESPC) has predicted.
Sales remain around 50 per cent below the level prior to the credit crunch, according to the latest monthly report from the ESPC, with the market struggling to recover.
:rotfl::rotfl::rotfl:
Noooooooooooooooooooo! How could one man get it so spectacularly wrong;0 -
Hamish is just winding everyone up as usual. The report by ESPC shows that volumes are way down making prices volatile. Because most people can't afford to buy houses, only those at the upper end are selling to people with healthy available funds which also pushes average prices up. Hamish knows this very well, but chooses to go with the headline figure.
The report shows the market is still very unhealthy - most selling under asking price which will help to put downward pressure on prices. Volumes have collapsed - if sellers want to sell they will have to reduce their price.0 -
It was on the Scottish News tonight, Hamish has been spotted swimming with the Loch Ness monster, so it's all good again folks,0
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Glad you're glad. Don't forget now, next time the "someones criticised my hero" alarm goes,
pass on the message.
That Hamish. He is a forgetful chap.
Can't you bring 'dirk rambo' back?he was more entertaining,the 'geneer' character is getting tiresome,tedious and boring.
Please,please............Official MR B fan club,dont go............................0 -
I looked at asking prices in my village yesterday. A house exactly the same as mine is up for £35,000 over what I would have valued mine at. If that makes that kind of dough I'll be happy.We love Sarah O Grady0
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I have written a Haiku...
Only the daft olds
Love "free cash" from houses, but
Think of the children!Long live the faces of t'wunty.0 -
Prices are unlikely to go below the bottom seen in February. 20% down from peak has allowed people who were priced out, are now in a position to buy, as we can see.
If you still can't afford it, then maybe home ownership may not be for you. Remember you don't have a right to own your home.
Anyway, Graham, I thought you bought a flat, so how can you be priced out?
Remember, more people unable to buy = more people unable to sell.
A market has 2 sides.0 -
I looked at asking prices in my village yesterday. A house exactly the same as mine is up for £35,000 over what I would have valued mine at. If that makes that kind of dough I'll be happy.
The Lotto jackpot this weekend is over £4million. If I pick the correct 6 numbers I'll be happy.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
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