House prices rising in just 7% of postcodes.

Thrugelmir

1.1% here. No change which is about right.

Lots of 1930's 3 bed semi and 3 bed detached style property (most is extended in some way) on the market both for sale and rent in recent weeks.

carolt

Jonbvn wrote: »

This surely can't be due to the quality of the teachers;):p

No, it's due to the fact they are one of the few parts of the country where there are still grammar schools.

bernard_shaw

HAMISH_MCTAVISH wrote: »

Only if you're REALLY desperate and deluded.........

The bigger surprise is not that prices are only rising in 7% of postcodes, but that prices are rising anywhere at all, in the middle of winter, just 2 years after the biggest crash in decades started.......

Indeed. I note that prices in Aberdeen took a massive battering in the deep midwinter. Down 10.3% in just 4 weeks!



Gonna change yer sig?

carolt

That is just so strange.

I simply cannot imagine why Hamish neglected to mention that fact.

Usually, he's so keen to broadcast any news from hs little part of the world...


Can anyone else figure out why he missed this particular snippet???

HAMISH_MCTAVISH

bernard_shaw wrote: »

Gonna change yer sig?

:rotfl:

Yes, it does seem I'll need to put the sig away until March or April, when the spring bounce kicks in.

But....

I think you already know full well prices didn't drop by 10% in 28 days.

The same flash shows East Lothian prices fell by 19% in 28 days. And Mid Lothian prices rose by 20% in 28 days.

Particularly as you have previously helpfully pointed out that the RoS figures are not mix adjusted. And given the fact the time period in question includes X-Mas and New Year, so the larger family houses of Aberdeen won't have been selling then.... It hardly seems surprising.

The 22% drop off in volume suggests I'm right, and that it's likely a tad premature for you to be crowing about it.

I'd be willing to wager Aberdeen crosses previous peak this year....

Would you care to take that bet?

Really2

lemonjelly wrote: »

I think this is the most valid point on this thread to be honest. Regardless of what side of the fence you sit on, the above remains true.

Cheers, and congrats on the double over spuds.:)

bernard_shaw

HAMISH_MCTAVISH wrote: »

I think you already know full well prices didn't drop by 10% in 28 days.

The same flash shows East Lothian prices fell by 19% in 28 days. And Mid Lothian prices rose by 20% in 28 days.

Particularly as you have previously helpfully pointed out that the RoS figures are not mix adjusted. And given the fact the time period in question includes X-Mas and New Year, so the larger family houses of Aberdeen won't have been selling then.... It hardly seems surprising.

Didn't they have xmas in Mid Lotian, then? Why would your statistical trick work for Aberdeen, but not for them? Don't they have 'larger family houses' there?

Emy1501

Really2 wrote: »

The figures are only three months so a bit more like noise than YOY.

Having said that the one place is showing 7% in three months hats about 31% in a year.:eek:

SO these figures do not portray the facts so much as a full year in reality, but another interesting spin on the story.

Also is it wise to take Nov,Dec, Jan as a snapshot of the housing market?

Bankers money I would say. I know someone who recent got a 400K bonus. Lots of Bankers live int he KT postcodes. I get the impression that some of these areas have gone past 2007 prices in view of the fact that the bonuses are flowing again and the banks are acting like 2008 nver happened.

I think what the article is trying to show is that the house prices figures are being skewed by the high end postcodes in many areas of the country.

iIs funny though because my postcodes is on the list (only just though) and its not a great area and the two well off areas where the bankers live around my way are not on it.

HAMISH_MCTAVISH

bernard_shaw wrote: »

Didn't they have xmas in Mid Lotian, then? Why would your statistical trick work for Aberdeen, but not for them? Don't they have 'larger family houses' there?

Oh come off it....

You don't believe for one second that the average house sold for 20% more in 28 days in Mid Lothian, any more than the average house sold for 20% less in East Lothian in 28 days.

Nor Aberdeen or the Western Isles, for that matter.

Jumps of 10% or 20% in either direction in just 4 weeks are impossible. The market can't adapt that quickly. Three or four percent is possible, but double digit monthly changes are nonsense. As you well know.

This is just more of your usual propaganda in search of a "cheapo house".

chucky

Emy1501 wrote: »

Bankers money I would say. I know someone who recent got a 400K bonus. Lots of Bankers live int he KT postcodes. I get the impression that some of these areas have gone past 2007 prices in view of the fact that the bonuses are flowing again and the banks are acting like 2008 nver happened.

I think what the article is trying to show is that the house prices figures are being skewed by the high end postcodes in many areas of the country.

iIs funny though because my postcodes is on the list (only just though) and its not a great area and the two well off areas where the bankers live around my way are not on it.

no - it's not the case
the majority of bank bonuses will be paid Feb to April.
they're announced Dec to Jan
do they buy the house before the bonus is paid?