House prices drop in Scotland in real terms

IveSeenTheLight

BP to invest £1Billion per year until at least 2020.
I wonder how that will affect the local economy

http://www.eveningexpress.co.uk/Article.aspx/1630470?UserKey=

http://energy.pressandjournal.co.uk/Article.aspx/1630299/

nembot

Just tried Zoopla get an idea of this place, some optimistic pricing going on there, if you ask me.

Zoopla estimated value is 50k more than it's been up for at auction (5 times now an not sold).

Says quite a lot, in not so many words.

IveSeenTheLight

nembot wrote: »

Just tried Zoopla get an idea of this place, some optimistic pricing going on there, if you ask me.

Zoopla estimated value is 50k more than it's been up for at auction (5 times now an not sold).

Says quite a lot, in not so many words.

Yes it does say a lot.
Zoopla estimates are garbage

googler

IveSeenTheLight wrote: »

I have never used zoopla when considering or negotiating on any property I have bought on.
I have been very succesful in my purchases over the years.

Neither do I worry to much what the county-wide level is doing.
If you are considering property you have to have a very narrow area view and concentrate on the property in question and similar properties on or around a very few close streets to the property desired.

Each to their own, but zoopla for me is unreliable.



**NOTE** Our data may be incomplete or inaccurate.

Again, the Zoopla estimates are mentioned to cite inaccuracies, when I'm asking if anyone thinks the raw data - the sold prices - on zoopla are reliable.

Don't you think the comment above relates to the data held by zoopla about the individual houses? i.e. the data supplied by the owners who fill in the details on whether or not 38B is a house or a flat? How many bedrooms it has? Does it have a garden, a garage?

Zoopla gets a data feed with sold prices from either Land Registry or Registers of Scotland on a monthly basis. Whilst this may have anomalies, and I have noted some myself, with an odd one or two differences between zoopla and ourproperty, what I'm trying to get over is the idea that the basic, raw data on Price, Date Sold, and Address is generally accurate and reliable. Every time I suggest this, someone says they don't rely on zoopla estimates, as the poster above has done.

I'm not talking about the estimates. I'm talking about the sold price data.

My comment about data at county-wide level seems to have been misunderstood, too. I'm not suggesting I want to search a whole county in order to calculate figures for the county, I'm suggesting that zoopla is more user-friendly in this respect because it allows the county-wide search to give me all the results I need with one search (from which I can then divide the data into towns), rather than having to manually search a number of postal towns, which would be far more time-consuming.