BBC: Scottish Property Prices Reach All Time High

poppycod

HAMISH_MCTAVISH wrote: »

Speak for yourself. You won't catch me wearing a kilt in winter.:D

Why? I thought Aberdeen was a paradise?

StevieJ

IveSeenTheLight wrote: »

Didn't realise you were Scottish
Us Scots are hardenned to cold weather and don't need the same level of clothing to cover our necessities

No :eek: It was just very warm

HAMISH_MCTAVISH

Gosh, a new peak just 3 years after the old one.

Recovery complete in Scotland then.

DervProf

HAMISH_MCTAVISH wrote: »

Gosh, a new peak just 3 years after the old one.

Recovery complete in Scotland then.

Plenty of peaks in Scotland.

Peaks can be dangerous places.

geneer

Guys guys guys. You need to dig deeper.

Remember how Spamish was recently yapping on about the NEW SCOTTISH PEAK in the monthly ROS figures. Wow, its a shocker when quarterly fiqures reflect a combination of the monthly figures.

Or do they! Cos the eagle eyed amongst you no doubt notice that the quarterly peak is no where near the monthly "peak" reached in August.
No doubt because the September ROS figures show the majority of regions tanking.

Spamish knows this of course, as its been pointed out to him elsewhere. No idea why he hasn't mentioned it here.

geneer

Oh BTW, when I say tanking, I mean:-

Hamish Circa Aug 2010

ROS August 2010
Aberdeen: £194,964 -- New Peak
Aberdeenshire £216,900-- New Peak
Edinburgh £235,088 -- New Peak.
Scotland £167,238 -- New Peak

Update September 2010

Aberdeen City £190,286 -£2,814 -1.5%
Aberdeenshire £197,003 -£21,244 -9.7%
Edinburgh, City of £215,780 -£21,117 -8.9%
East Lothian £193,710 -£33,041 -14.6%
West Lothian £148,938 -£4,270 -2.8%
Dundee City £125,919 -£1,579 -1.2%
Stirling £166,314 -£23,913 -12.6%
North Ayrshire £103,006 -£25,473 -19.8%
Scotland £159,017 -£8,692 -5.2%

:T:T:T

Oh BTW if Spamish tries to tell you that changes of 20 to 30K in a few months are "seasonal variations" do please ask him if these were present prior to
the market collapse in 2007.

geneer

HAMISH_MCTAVISH wrote: »

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.

Edinburgh can be found here.

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.

Hiya Hamish.
Have you pointed out that ASPC has recored a £10K quarterly plummet in Aberdeen city centre average prices.

Or that the ESPC have explained the "New Peak" price as:-

David Marshall, business analyst with ESPC explained: "The growth we saw in the house prices earlier in the year largely reflected a rise in the proportion of large homes selling which obviously inflated the average. Over the last month or two, we’ve seen sales of smaller properties increase a little which has gone some way to reverse that trend and this partially explains the decline in the average house price figure. With that said however, throughout 2010 the supply of properties to the market has consistently exceeded demand and this is also now helping to bring prices back down again."

Wot no seasonal variations?

And

While the number of sales remains comparatively low there is likely to be some volatility in figures from month-to-month, but we still expect that the overall trend will be for the average house price to come back to levels seen at the start of 2010 in the months ahead

Cosh, maybe that explains why average prices have nosedived £22K since you gloated about the "new ESPC peak" in July.

But then again ESPC said pretty much the same thing in July.
So only a complete moron would mount a victory song and dance routine about a transitory meaningless spike caused by statistical skewing in a stuttering faulty market. :rotfl::rotfl::rotfl:

IveSeenTheLight

geneer wrote: »

Oh BTW if Spamish tries to tell you that changes of 20 to 30K in a few months are "seasonal variations" do please ask him if these were present prior to
the market collapse in 2007.

Are you using the 28 day flash data?
This has been shown previously to be wildly innacurate.

May I suggest using the monthly releases
http://www.ros.gov.uk/professional/eservices/land_property_data/lpd_stats.html

geneer

IveSeenTheLight wrote: »

Are you using the 28 day flash data?
This has been shown previously to be wildly innacurate.

May I suggest using the monthly releases
http://www.ros.gov.uk/professional/eservices/land_property_data/lpd_stats.html

Actually its been demonstrated that its wildy accurate.

28 day flash up to 25 sept 2010:-
SCOTLAND £159017
ROS figures for September:-
SCOTLAND £159035.

And indeed uses the exact same methodology.

So sorry. :cool:

IveSeenTheLight

geneer wrote: »

Actually its been demonstrated that its wildy accurate.


And indeed uses the exact same methodology.

So sorry. :cool:

Hmmm, the 28 day flash data appears to be correct only at the end of the month when the previous 28 days take effect.

Check out the 28 day flash data elsewhere and it's deeply flawed.

Still, seems you may be able to use the flash data right at the same time they release the monthly data