RoS: Scottish House Prices Rise 5.5% in last 28 days

Graham_Devon

HAMISH_MCTAVISH wrote: »

Plenty of specific examples of individual properties in Aberdeen selling for more today than they did in 2006/2007.

Including mid and low end places.

162, Forest Avenue, Aberdeen, AB15 4UN
-Dec-2009 £280,000
Dec-2006 £255,500

98, Union Grove, Aberdeen, AB10 6SA
Jun-2010 £130,000
Apr-2007 £91,500

305, Union Grove, Aberdeen, AB10 6TD
May-2010 £121,121
Oct-2007 £115,000

57, Chapel Street, Aberdeen, AB10 1SS
Jun-2010 £170,000
Mar-2007 £156,777

58e, Chapel Street, Aberdeen, AB10 1SN
Jun-2010 £145,000
Aug-2006 £110,000

398, King Street, Aberdeen, AB24 3BY
Jun-2010 £125,000
Dec-2007 £124,000

394, King Street, Aberdeen, AB24 3BQ
May-2010 £132,500
Oct-2007 £130,501

Doesn't really make any difference to me.

I just find it amusing you have cast the Scottish House Price Monitor to the side as it doesn't suit the agenda, and are down to using specific properties, and an index which puts houses prices up 33% in one area and -17% in another.

You'd have a field day if someone else did this, ust had a different viewpoint on HPI.

HAMISH_MCTAVISH

poppycod wrote: »

must be a lot of cretins in Aberdeen then.

Well there's certainly a lot of people making very good money and buying relatively cheap housing.

Which would be far better going than most bears on here seem to be able to do.:cool:

Malcolm.

HAMISH_MCTAVISH wrote: »

http://biztech.caledonianmercury.com/2010/08/23/scottish-house-prices-up-by-5-5/



And Aberdeen up 7% to within £300 of all time peak.
:beer: :beer: :beer: :beer: :beer:

And yes, I know, it's peak summer selling season, they'll dip again over winter just like every year, the 28 day stats are pretty noisy, and this peak may only last a week or two.

But it's nice to see the recovery is almost complete.:cool:

A decrease in the affordability of essential items is not something to take pleasure from.

HAMISH_MCTAVISH

Malcolm. wrote: »

A decrease in the affordability of essential items is not something to take pleasure from.

An increase in the price of an investment class asset sure is though...

Especially when you have two.:D

Generali

Any idea what the methodological difference is between the 2 indices to cause such a big difference in stories?

chucky

HAMISH_MCTAVISH wrote: »

An increase in the price of an investment class asset sure is though...

Especially when you have two.:D

it doesn't really matter now though does it - it's when you go to sell them that's the important thing...

unless you are going to remortgage then you can use that money to invest in something else and debt then becomes wealth...

nembot

Yeah, but you inherited one and the other is in a red light district apparently. You made no real effort for these properties and rub peoples noses in it at every opportunity, in my opinion you're just a k-n-o-b on a forum.

HAMISH_MCTAVISH

nembot wrote: »

Yeah, but you inherited one and the other is in a red light district apparently. You made no real effort for these properties and rub peoples noses in it at every opportunity, in my opinion you're just a k-n-o-b on a forum.

I did not inherit either of them. Both were bought, although the first one in 1990 we did get a few grand gift for part of our deposit. And neither is in a red light district, !!!!!!. One is out in the country, and the other is in the upper end of the mid market areas in town.

We worked bloody hard to pay the first mortgage off early too, with interest rates a heck of a lot higher than today.

So your assertions are pure fiction.

I will be inheriting another one..... But hopefully not for many decades yet.

HAMISH_MCTAVISH

Generali wrote: »

Any idea what the methodological difference is between the 2 indices to cause such a big difference in stories?

Lloyds is based on mortgage approvals for their share of the market, and is the quarterly report up until the end of June.

RoS is based on actual sales prices, excluding all sales above 1,000,000 and below 20,000, and is monthly.

Both show strong increases for Aberdeen.

the_flying_pig

I just looked at the tabular form of that report.

Apparently East Dunbartonshire [me neither] was up 33.5% in 28 days [incidentally DOWN 8.5% YoY - work that one out... logically it must be the case that {using a linear approximation} June 10 was down 42% on July 09... ]

Eilean Siar down 17.2% [incidentally down 5% YoY]

Dumfries and Galloway down 9% [incidentally down 1.4% YoY]

East Renfrewshire up 16.1% [incidentally up 0.1% YoY]

The fact that all of these individual nonsensical figures [each with a sample size of a couple of hundred] average up to something that is only in itself ridiculous if you look at its constituent parts doesn't make either the average or any individual estimate any less worthless as an indicator of anything.