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Debate House Prices
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BBC: Scottish Property Prices Reach All Time High
Comments
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So comparing RoS with English Estate Agency stats isn't right. RoS vs Land Registry is the way to go, right..?
Correct.
RoS = LR = 8-12 week lag.
The various SPC (solicitors property centres) also produce indices, which are fairly comprehensive and based on sales agreed at missives stage. So = a lot less lag. 2-4 weeks or so, IF they produce monthly indices. Not all do, Aberdeen only does quarterly.
Aberdeen/aberdeenshire can be found here.
www.aspc.co.uk
Edinburgh can be found here.
www.espc.co.uk
These guys are solicitors and "estate agents" and often surveyors as well. They control most of the Scottish market, actual non-solicitor estate agencies are not very prevalent.
Rightmove is virtually useless for most Scottish areas as a result. The SPC's have their own websites. RIghtmove may only list a few dozen properties for Aberdeen, but ASPC will have a few thousand.“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”0 -
LilacPixie wrote: »RoS v's land registry pretty much right. RoS data seems to also include repo's though and don't know if land registry does.
from here
http://www.ros.gov.uk/professional/eservices/land_property_data/lpd_faqs.html
Reports
1. What kind of averages are produced?
The published data are simple averages and based on basic analysis using transactions between £20,000 and £1,000,000. No weighting or adjustment is applied to the information collected to reflect any seasonal or other factors, such as house type, new build or second hand transactions.
2. Can you provide data by house type?
We are not in a position to provide separate figures for detached houses, flats etc.
3. What about land type?
All reports are for residential sales. We are not in a position to provide analysis on Land or Commercial transactions or brownfield and greenfield land.
4. Can I get information by Local Authority boundaries?
Yes, our reports are based mainly on Local Authority and Land Register boundaries.
5. I just need a few basic figures?
Check our press releases for free high level information on average prices and value of sales. Also our Statistics page.
6. What size of sample do you use for statistics?
We don't use samples but base our figures on all sales that are recorded/registered whether they are cash purchases or funded by mortgages. As the Registers of Scotland captures every house sale in Scotland we hold the most comprehensive data on house prices at national and local level, and individual property sales.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
They also release price and volume data broken down by property type in the quarterly results, so you can check for yourself whether the price rises are across the board by property type, or whether sales of big detached are skewing the averages, for example.
So with RoS quarterly you can see the averages and volume by flat, terrace, semi-detached, and detached for each local council area.“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”0 -
This is a very important point on your "growth" chart Hamish. It may be a new peak, but it will remain the peak for several years. There are simply too many downward pressures on house prices.0
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This is a very important point on your "growth" chart Hamish. It may be a new peak, but it will remain the peak for several years. There are simply too many downward pressures on house prices.
Perhaps.
Still, I don't need to remind you how often us bulls have heard exactly the same thing over the last few years.
Yadda yadda, prices are falling, blah blah, recovereh, waffle waffle, doom & gloom.......etc.
Whereas the reality is slightly different.
As ISTL's handy reference graph shows......
PS, borrowed your handy graph to post on CC today ISTL, hope you don't mind!!!“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”0 -
HAMISH_MCTAVISH wrote: »Perhaps.
Still, I don't need to remind you how often us bulls have heard exactly the same thing over the last few years.
Yadda yadda, prices are falling, blah blah, recovereh, waffle waffle, doom & gloom.......etc.
Whereas the reality is slightly different.
In one tiny little place in Scotland.
You seriously suggesting were all always talking about Aberdeen!?0 -
Graham_Devon wrote: »In one tiny little place in Scotland.
You seriously suggesting were all always talking about Aberdeen!?
Actually Graham, the average of the entire country reached a new peak.
Not just Aberdeen.
The clue was in the thread title......“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”0 -
HAMISH_MCTAVISH wrote: »Perhaps.
Still, I don't need to remind you how often us bulls have heard exactly the same thing over the last few years.
Yadda yadda, prices are falling, blah blah, recovereh, waffle waffle, doom & gloom.......etc.
Whereas the reality is slightly different.
As ISTL's handy reference graph shows......
PS, borrowed your handy graph to post on CC today ISTL, hope you don't mind!!!
And look what genrally happens between September and January..... big falls to come this winter.0 -
This "news" was front page of the Herald and they also had 2 full pages on it inside too! Have to say I was somewhat shocked that they put so much emphasis on this data and a little concerned that they were pushing this as being a good thing for the country.
Limited (though increasing) supply and a near complete lack of first time buyers buying cheaper houses is probably the reason for this "increase". It's pretty simple really - if people can't get money to buy houses, prices will come down. It is just no possible for them to be increasing long term when the reason for the boom years is gone (easy credit).
My own feeling is that with 50% of 2007 volumes, the data is likely to be highly volatile for some time (just as I suspect last month's -3.6% Halifax data was). Ultimately though, the outcome will be the same - most people can't hold off selling forever. The volumes will return to long term averages and prices will drop. Scotland is no different.
Most people hoping for house price falls have been waiting a long time, but it's now approaching the end game. Property Bee shows that people are having to drop prices to sell and that many houses are on the market for years.0 -
Why are some people actually thanking Hamish's cretinous posts?
He is the most disingenous and inflammatory poster on this board.
More deserving of scorn and derision than thanks.0
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