House prices drop in Scotland in real terms

lemonjelly

Hamish is phenomenally selective in respect of his posting, as well as what he responds to. Generally, he won't reply where he is in the wrong.

In example:
http://forums.moneysavingexpert.com/showthread.html?t=2103669&page=2 read post 34

http://forums.moneysavingexpert.com/showthread.html?p=27406273#post27406273 read posts 1&2

This all from a person who has quite the nerve to label others as offensive.

Smacks of double standards to me.

chucky

lemonjelly wrote: »

Hamish is phenomenally selective in respect of his posting, as well as what he responds to. Generally, he won't reply where he is in the wrong.

In example:
http://forums.moneysavingexpert.com/showthread.html?t=2103669&page=2 read post 34

http://forums.moneysavingexpert.com/showthread.html?p=27406273#post27406273 read posts 1&2

This all from a person who has quite the nerve to label others as offensive.

Smacks of double standards to me.

i reckon he should be on Twitter - you'd see his fans like Doire, Daddy Bear signing up in no time

torontoboy45

well, it's 1230hrs now - some 27 hours after the OP - and hamish still hasn't replied.
he's certainly not alone in posting misleading, distorted info here but nobody does it better!

doire_2

chucky wrote: »

i reckon he should be on Twitter - you'd see his fans like Doire, Daddy Bear signing up in no time

This from the person who spends all day on here following him around and thanking his posts :rotfl:

molerat

A house in my street sold for £188K in May 2008 and is now on the market for £180K fixed after being updated by the present owner. Next door, same design sold for £176,250 last August.

lilac_lady

In Central Scotland house prices have definitely dropped during the last 6 months. A detached 3 bedroom house on the market for £130000 is an example. Bungalows seem to be the only type of property that's selling well and above the asking price.

IveSeenTheLight

DaddyBear wrote: »

Just persusing Hamish's beloved register of Scotland, and their February report makes for interesting reading.

http://http://www.ros.gov.uk/pdfs/Statistical%20Publication%20(Oct%20-%20Dec%202009)%20issued%20Feb%202010%20Final.pdf

They use quarterly figures which helps to remove the noise. Comparing Q4 2008 to Q4 2009 prices rose by only 1.3% in Scotland and 2.0% in Aberdeen. With inflation well above 2% this represents a drop in prices in real terms.

I'm a bit confused as it doesn't quite fit with this.

So in real terms, would the average property be more expensive to buy now than a year ago?

The answer is yes as they would actually have to pay 1.3% more or 2.0% more in Aberdeen than they did last year.
In actual monetary terms, this means an extra £2,000 - £3,600

If you look on a wider scal, prices are pretty stagnant at very near peak.
no crash and no rampant HPI.

nembot

I think ISTL is correct there isn't a great deal of movement either way, makes the next 6 months even more interesting

chucky

doire wrote: »

This from the person who spends all day on here following him around and thanking his posts :rotfl:

lol - i don't think so

but it's good to see that you go out of your way to check to even see who Thanks each and every one of Hamish's posts - you are one sad trucker :eek:

doire_2

chucky wrote: »

lol - i don't think so

but it's good to see that you go out of your way to check to even see who Thanks each and every one of Hamish's posts - you are one sad trucker :eek:

I dont drive a truck