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Debate House Prices


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Scots continue buying at inflated prices

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Comments

  • beecher2
    beecher2 Posts: 3,677 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    You can use property bee with the GSPC, ESPC and SSPC so there can't be many areas where it isn't really useful.
  • LilacPixie
    LilacPixie Posts: 8,052 Forumite
    TSPC doesn't support property bee much to my annoyance. I am looking to buy in Dundee or surounding maybe longforgan, fowlis, birkhill etc and there is not alot doing here. Very little seems to be moving here at all. Things move from say offers over 140k to fixed at 140k and the home report gives mortgage valuation at 150k yet stil it sits and sits. I know with my home (that is on the market) that people are struggling with deposit requirments impossed by lenders and without FTB's to buy my typical FTB property I can't release the equity I have in my home to use as a deposit for something bigger.
    MF aim 10th December 2020 :j:eek:
    MFW 2012 no86 OP 0/2000 :D
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    LilacPixie wrote: »
    TSPC doesn't support property bee much to my annoyance. I am looking to buy in Dundee or surounding maybe longforgan, fowlis, birkhill etc and there is not alot doing here. Very little seems to be moving here at all. Things move from say offers over 140k to fixed at 140k and the home report gives mortgage valuation at 150k yet stil it sits and sits. I know with my home (that is on the market) that people are struggling with deposit requirments impossed by lenders and without FTB's to buy my typical FTB property I can't release the equity I have in my home to use as a deposit for something bigger.


    It nice to read proper knowledge & experience.

    Thanks

    I think we may find it is pretty much the same in the majority of the UK.
    Not Again
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    beecher2 wrote: »
    noticed a couple of sold signs recently but still a lot of stuff for sale and property bee is only showing decreases in asking prices in the areas I look at.

    When you look at the ROSEA data, you can see that across Scotland each month since Nov 2009 has shown YOY increases in transaction levels.

    The latest release shows that prices are only 5.65% below the peak of Jul 08

    It's worth remembering these are averages and some areas are doing a lot better and some a lot worse.

    It's possible that you are in one of those areas where it is worse than the average.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    beecher2 wrote: »
    You can use property bee with the GSPC, ESPC and SSPC so there can't be many areas where it isn't really useful.

    Those where the SPCs don't hold the dominant market share? Believe it or not, these places do exist....
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    The Glasgow market does not reflect most of Scotland.

    Strange that Aberdeen does.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Graham_Devon wrote: »
    Strange that Aberdeen does.

    Posted for clarity

    66869067.png
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Jowo_2
    Jowo_2 Posts: 8,308 Forumite
    edited 31 August 2010 at 7:19PM
    HAMISH_MCTAVISH wrote: »
    Glasgow prices have performed very badly by Scottish standards....

    The Glasgow market does not reflect most of Scotland.

    Glasgow prices have also risen since the bottom last year, but not by as much as most other areas.

    Glasgow is the biggest city in [edit [Scotland!]] and third most populous place in the UK so its housing market is hardly an aberration.
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    Jowo wrote: »
    Glasgow is the biggest city in Glasgow and third most populous place in the UK so its housing market is hardly an aberration.


    Thats a bit like saying Swansea is the biggest city in Swansea....

    ;)
    Not Again
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    IveSeenTheLight wrote: »
    Posted for clarity

    66869067.png

    Yes, it's quite interesting that Aberdeens prices show such a similar trend to the overall Scotland prices, yet Glasgow (a much bigger market) diverges more significantly.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
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