"Average House prices"

kriss_boy

Im not particularly fussed about attempting to convince people house prices havent risen and arent likely to rise in the next couple of years.

Im simply saying that in my average non-Edinburgh/Glasgow Scottish town the property market is bloated with extremely competitively priced homes that just arent shifting.

Every single week another 3 or 4 bed property comes on the market at an even cheaper price. You wouldnt believe the prices Ive seen things go for....

kriss_boy

IveSeenTheLight wrote: »

You said not one property has been sold with comparable prices.

I think I showed plenty.

The Registers of Scotland Executive Agency backs up with facts that Fife is marginally higher in April 2010 than it was in April 2007.

Facts speak for themselve and has shown up your contradictions

You dont know any details about the property.

I on the otherhand read the property pages everyday and keep records of many houses.

IveSeenTheLight

kriss_boy wrote: »

'Randomly'? Sure.

I looked up 'random' streets noticing some horrific drops in prices in Forth Avenue and Douglas Street in Kirkcaldy. Check out no. 22 Forth Avenue! 76K in 2007...... 57K in 2010...

ISTL suggested Canon Byrne Glebe,

2007 - 105.5K, 110K, 105K, 108.5K Av. 107.25
2008 - 82K, 107K Av. 94.5K
2009 - 105K, 100K Av. 102.5K
2010 - 107K, 103K**

**Two properties currently on the market in that street, have been for several months... no takers at 'offers in the region of 103K' says it all really!!!

Conclusion- These figures dont conform to the alledged rise in Scotland. Thanks proving my point for me ISTL

My conclusion was stagnation, a few months up a few months down.
As shown by my links and by the ROSEA.

This was not your stance which was that your area and others similar had dropped 25% across the board;)

kriss_boy wrote: »

No doubt about it- in my typical scottish non Edinburgh/Glasgow town prices are down 25% across the board.

IveSeenTheLight

kriss_boy wrote: »

You dont know any details about the property.

I on the otherhand read the property pages everyday and keep records of many houses.

I don't claim to have all the details about the property, but it seems your research is not reflected in the facts easily obtainable

You claim that areas outside Edinburgh and Glasgow are down 25% which simply is not true.

Here's a graph I keep from data obtained by the ROSEA.

You'll see the yellow line (Scotland) as well as Aberdeen and Aberdeenshire has been relatively stagnant over the last 3 years.

I'm sure if the same data was represented for Fife, it would have a similar stagnant output. Some months up, some months down

HAMISH_MCTAVISH

kriss_boy wrote: »

Repeat sale regression during a 2 year window? What proportion of sales do you reckon are of properties that were bought within the last 2 years?

You don't need to have repeat sales in the last two years, a point that you and carolt clearly fail to understand.

You just need to know the point at which it last sold, and for how much. You then compare against a database of millions of other houses and sale prices/dates and compile average rise or fall.

As already mentioned, the weakness of this method is that it only tracks the averages of houses which have actually sold.

But as a million houses a year are still selling, its still plenty big enough a sample size to be accurate.

Of course there will be exceptions. Sh1te houses will be cheaper. So if you're in the market for a sh1te house, feel free to ignore the averages. Areas where the economy is weak, unemployment is high, junkies roam the streets, etc, will also do worse. So if you're looking for a house in those areas, feel free to ignore the averages.

But for average or good houses, in average or good areas, the indices are going to be fairly accurate.

HAMISH_MCTAVISH

kriss_boy wrote: »

Im simply saying that in my average non-Edinburgh/Glasgow Scottish town the property market is bloated with extremely competitively priced homes that just arent shifting.

Actually, Glasgow prices are still well down from peak. Edinburgh and Aberdeen are the two strongest markets. But plenty of others are close. Equally, some towns haven't fared so well.

I'm not arguing that every house in Scotland is higher than peak. Pleanty are still well down from that. But the indices are broadly accurate.

nembot

If the future is so great Hamish & ISTL, why aren't you buying more properties?

You guarantee prices will rise on a forum to others - but seem rather unwilling to take further risks yourselves?

Says a helluva lot to me....

HAMISH_MCTAVISH

If the future is so grim nembot, why aren't you betting everything you have against house prices on the futures market?

You guarantee prices will fall on a forum to others - but seem rather unwilling to take further risks yourself?

Says a helluva lot to me....

nembot

Hardly expected that as usual, you avoid answering any question to which you have no answer for.
:beer:

HAMISH_MCTAVISH

I have two houses already, and I'd suggest that 600K is plenty of skin in the game for anyone that isn't a professional BTL investor, which I have no desire to be.

Now, your turn.....

HAMISH_MCTAVISH wrote: »

If the future is so grim nembot, why aren't you betting everything you have against house prices on the futures market?

You guarantee prices will fall on a forum to others - but seem rather unwilling to take further risks yourself?

Says a helluva lot to me....