Scots House Prices up by just 0.7%

rosa_luxembourg

Up 0.7% this quarter, down 3.3% YoY.

http://breakingnews.heraldscotland.com/breaking-news/?mode=article&site=hs&id=N0049001274165274076A

It's the Lloyds TSB House Price Monitor.

"The price gain at the end of last year has now stalled with Scottish house prices virtually static in the latest quarter," the report said.

Prof MacRae said that "consumer confidence" is still lower than it had been before the recession.

"The rise in the average Scottish house price identified at the end of last year has not been maintained into 2010," he said. "However activity has picked up from the low levels of the winter months. The Scottish housing market continues to recover, but slowly."

The average price of a home in most areas in Scotland fell in the last year. Property prices in Glasgow fell 8.2% and in Edinburgh by 6.9%. Bucking the trend was Dundee and Aberdeen, with 10.7% and 0.9% increases respectively.

Wheezy_2

Cool...are you looking to buy somewhere in Scotland then, rosa?

IveSeenTheLight

rosa_luxembourg wrote: »

Up 0.7% this quarter, down 3.3% YoY.

http://breakingnews.heraldscotland.com/breaking-news/?mode=article&site=hs&id=N0049001274165274076A

It's the Lloyds TSB House Price Monitor.

"The price gain at the end of last year has now stalled with Scottish house prices virtually static in the latest quarter," the report said.

Prof MacRae said that "consumer confidence" is still lower than it had been before the recession.

0.7% per quarter would result in 2.83% increase per year.
I think most would find this an acceptable level of rise.
Certainly not justifiable of the "only" indicated in the linked article.

I much prefer using the ROSEA data, which I believe to be more encompassing than any other Scottish index.

Here's the link to the data
http://www.ros.gov.uk/professional/eservices/land_property_data/lpd_stats.html

And heres a graph correlating the facts

Doctor_Gloom

rosa_luxembourg wrote: »

Up 0.7% this quarter, down 3.3% YoY.

http://breakingnews.heraldscotland.com/breaking-news/?mode=article&site=hs&id=N0049001274165274076A

It's the Lloyds TSB House Price Monitor.

"The price gain at the end of last year has now stalled with Scottish house prices virtually static in the latest quarter," the report said.

Prof MacRae said that "consumer confidence" is still lower than it had been before the recession.

This is great news. Now all they need to do is find someone who actually wants to live in Scotland, the cold, dark miserable dump that it is.

Wheezy_2

Doctor_Gloom wrote: »

This is great news. Now all they need to do is find someone who actually wants to live in Scotland, the cold, dark miserable dump that it is.

Why is it great news for you if you have no intention of buying property in Scotland, Doctor Gloom?

IveSeenTheLight

Doctor_Gloom wrote: »

This is great news. Now all they need to do is find someone who actually wants to live in Scotland, the cold, dark miserable dump that it is.

Spoken like someone truly of ignorance and lack of knowledge.
I'd far rather live in Scotland than in London

rosa_luxembourg

Wheezy wrote: »

Cool...are you looking to buy somewhere in Scotland then, rosa?

Yes, I need somewhere to display all my fine art conversation pieces and to host haute cuisine dinner parties on my antique dining suite which I have collected on my extensive world travels.

Wheezy_2

rosa_luxembourg wrote: »

Yes, I need somewhere to display all my fine art conversation pieces and to host haute cuisine dinner parties on my antique dining suite which I have collected on my extensive world travels.

Oh okay...but Doctor Gloom just said it's a cold, dark, miserable dump.
And he should know because he lives in London.

DaddyBear

:beer::beer:

Exocet

I thought I would help celebrate the rise in Scottish prices with a few lines from one of their sons...

FAIR fa’ your honest, sonsie face,
Great chieftain o’ the pudding-race!
Aboon them a’ ye tak your place,
Painch, tripe, or thairm:
Weel are ye wordy o’a grace
As lang’s my arm.

....

Ye Pow’rs, wha mak mankind your care,
And dish them out their bill o’ fare,
Auld Scotland wants nae skinking ware
That jaups in luggies;
But, if ye wish her gratefu’ prayer
Gie her a haggis!

Amazing what you find when trawling for Scottish poetry in an attempt to take the micky. Great stuff.

ruggedtoast

IveSeenTheLight wrote: »

Spoken like someone truly of ignorance and lack of knowledge.
I'd far rather live in Scotland than in London

Jesus. What a choice.