ROS: Scotland Reaches ANOTHER new peak price.

geneer

Graham_Devon wrote: »

Ignoring then, it seems!

TBH GD its only to be expected.
The market is taking its breath at the moment.
Its certain who's going to blink first.

IveSeenTheLight

Graham_Devon wrote: »

Ignoring then, it seems!

As I've said, I don't see geneer's ramblings anymore unless people quote him.
Much more refreshing.

Popping off our now, but will gladly make a comment later on transaction levels if you would like a comment.

Pimperne1

IveSeenTheLight wrote: »

As promised.....

Looks like Feb 06 and Feb 09 were the sweet spots for Edinburgh. Can't really see these being breached again as I suspect that Hamish is right that we shall see another peak this year (if that is what he said).

geneer

Pimperne1 wrote: »

Looks like Feb 06 and Feb 09 were the sweet spots for Edinburgh. Can't really see these being breached again as I suspect that Hamish is right that we shall see another peak this year (if that is what he said).

You mean another spike of meaningless statistical noise as the failing market continues to stutter.


Maybe so.

But as it is mainingless statistical noise, the "sweet spots" seem rather more extended than you like to imply.

geneer

IveSeenTheLight wrote: »

As I've said, I don't see geneer's ramblings anymore unless people quote him.

Yes. You do like to keep saying it.

Thats some class A double distilled ignoring going on. :rotfl:

IveSeenTheLight

Pimperne1 wrote: »

Looks like Feb 06 and Feb 09 were the sweet spots for Edinburgh. Can't really see these being breached again as I suspect that Hamish is right that we shall see another peak this year (if that is what he said).

You need to understand that the graph is made up from monthly statistics released from the Register of Scotland Executive Agency.

These monthly releases are not mix adjusted and does incur a level of nise accordingly, amplified by the levels of transactions (or indeed reduction of them).

That said, if you taker a broader correlation of house prices since 2007, you can see a pretty stagnant trend. Not rampant HPI and no crash.

geneer

IveSeenTheLight wrote: »

You need to understand that the graph is made up from monthly statistics released from the Register of Scotland Executive Agency.

These monthly releases are not mix adjusted and does incur a level of nise accordingly, amplified by the levels of transactions (or indeed reduction of them).

That said, if you taker a broader correlation of house prices since 2007, you can see a pretty stagnant trend. Not rampant HPI and no crash.

Ah. I see.
So what you're saying is, the graph you've posted a dozen times can't neccesarily be relied upon.

And that we're far better picking two arbitrary points, ignoring everything thats inbetween and calling it a trend.

You should be a scientist mate.

geneer

Time for another update lite.
http://www.ros.gov.uk/pdfs/la_mar_11.pdf
Edinburgh now £38K down since

HAMISH_MCTAVISH wrote: »

NEW PEAK PRICE

Scotland now £25K down.

geneer

geneer wrote: »

Time for another update lite.

Anyway, whilst we wait for Lite to follow up on his promises,
ESPCs latest gives us a look into the future.

The number of homes for sale is roughly 30% higher than would normally be seen at this time of year, meaning buyers remain in a strong negotiating position in the market.

There are more properties for sale than you would typically see at this time of year and the number of active buyers is still lower than normal. If you look at properties sold at Fixed Price, 33% are achieving the asking price this year compared to 42% at this stage last year. Buyers are definitely having more success at securing lower prices."

The expectation is still for average house prices to show annual falls of between 3 and 5% in coming months before levelling off towards the end of 2011.

:T

Pimperne1

http://www.creditcrunch.co.uk/forum/topic/7498-ros-august-aberdeen-aberdeenshire-edinburgh-scotland/page__st__75

http://www.creditcrunch.co.uk/forum/topic/6476-edinburgh-espc-july-rocketing-again/page__st__50