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Debate House Prices
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Scottish House Prices recovering rapidly....
HAMISH_MCTAVISH
Posts: 28,592 Forumite
A useful graph of Registers of Scotland information from hpc.co.uk, posted by McGlashan....
http://www.housepricecrash.co.uk/forum/index.php?showtopic=110165&st=105&start=105
It is interesting to see the progress of Aberdeen, now two years into the crash and only 8% down from peak, and of course Edinburgh, two years into the crash and only 5.6% down from peak.
http://www.housepricecrash.co.uk/forum/index.php?showtopic=110165&st=105&start=105
It is interesting to see the progress of Aberdeen, now two years into the crash and only 8% down from peak, and of course Edinburgh, two years into the crash and only 5.6% down from peak.
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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I thought investors in Aberdeen were underwater at the moment?I think....0
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“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 -
Graham_Devon wrote: »Yer, that helps prices up. Riverside location and all that.
Hamish, have you just posted a graph which shows prices up and down like a yo yo, and proclaimed thats a recovery?
No, I've just posted a graph showing prices regaining 75% or more of the ground lost in the crash.
A graph showing prices recovering to within 8% of peak in Aberdeen.
Two years in, and prices have fallen 4% a year. Whereas rent in Aberdeen is typically 6% to 8% per year.
Hardly seems worth waiting for, this crash of yours.
“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: »:rotfl:
Very good.
House surveyed recently in affluent area in Glasgow and still 20% off or more from last year. 0 -
thriftybabe wrote: »House surveyed recently in affluent area in Glasgow and still 20% off or more from last year.
Unlucky.
The graph is the register of scotland actual sold price data.
You can see for yourself how close Glasgow is to peak on average..... Now that you have this data, I'd be raising holy hell with that surveyor for getting it so badly wrong.“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, I don`t want to be cruel, but why do you keep banging on about all of this?0
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Hamish, I don`t want to be cruel, but why do you keep banging on about all of this?
Debate House Prices, the Economy & Recession....
:confused:“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 -
because he has no where else to go...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
HAMISH_MCTAVISH wrote: »Unlucky.
The graph is the register of scotland actual sold price data.
You can see for yourself how close Glasgow is to peak on average..... Now that you have this data, I'd be raising holy hell with that surveyor for getting it so badly wrong.
OH said that he heard that a lot of Surveyors were worried about overinflating prices due to some of them been taken to court in the last recession. Not sure what that was about! 0
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