YoY rise for Edinburgh & Aberdeen prices

Rinoa

http://www.scotsman.com/news/politics/edinburgh_and_aberbeen_lead_way_as_scots_house_prices_rise_slightly_1_1987713


Lloyds Scottish House Price Monitor reports a 1.7% rise in Scottish house prices in the 3 months to October.

YoY, Edinburgh and Aberdeen prices rose 3.1% and 2.7% respectively.

Good news for some.

HAMISH_MCTAVISH

Indeed.

Especially as Lloyds mix adjust their figures, so this isn't skew from different property types selling.

IveSeenTheLight

Rinoa wrote: »

Good news for some.

And not so good news for others.

Let's not crow about it.
It's only one months set of figures.

HAMISH_MCTAVISH

IveSeenTheLight wrote: »

Let's not crow about it.
It's only one months set of figures.

And besides, geneer will be along shortly to quote some local SPC's intern that says prices are falling, and claiming a non mix adjusted local estate agent index is better than a mix adjusted national index conducted by trained statisticians and economists.

heathcote123

HAMISH_MCTAVISH wrote: »

And besides, geneer will be along shortly to quote some local SPC's intern claiming a non mix adjusted local estate agent index is better than a mix adjusted national index conducted by trained statisticians and economists.

Another lost year. Shame.... :rotfl::rotfl:

geneer

HAMISH_MCTAVISH wrote: »

Indeed.
Especially as Lloyds mix adjust their figures, so this isn't skew from different property types selling.

:rotfl::rotfl::rotfl:How do you manage to just keep making the same mistakes Hamish. Its not as if you haven't received your schoolin' on this a number of times in the past.

Donald MacRae, chief economist at Lloyds TSB Scotland, said: "The Scottish housing market has adjusted to the recession with a halving of sales and a period of volatile price movement over the last three years....
The fluctuations in house prices are due partly to low sales levels, with average values easily distorted in a subdued market.

http://forums.moneysavingexpert.com/showpost.php?p=41319294&postcount=25

Priceless!

Oh, and aside from which, I've asked you this numerous times and you've still to respond.
How exactly does mix adjustement stop the over all averages from being, y'know, an overall average?

geneer

Rinoa wrote: »

http://www.scotsman.com/news/politics/edinburgh_and_aberbeen_lead_way_as_scots_house_prices_rise_slightly_1_1987713


Lloyds Scottish House Price Monitor reports a 1.7% rise in Scottish house prices in the 3 months to October.

YoY, Edinburgh and Aberdeen prices rose 3.1% and 2.7% respectively.

Good news for some.

You missed a bit mate. :rotfl:

“The Scottish housing market has adjusted to the recession with a halving of sales and a period of volatile price movement. Average house prices are now 90 per cent of their peak of three and a quarter years ago. Consumer confidence remains low due to high levels of retail price inflation in excess of increases in earnings, squeezing disposable income.

Nice one Rinoa.

IveSeenTheLight

geneer wrote: »

:rotfl::rotfl::rotfl:How do you manage to just keep making the same mistakes Hamish. Its not as if you haven't received your schoolin' on this a number of times in the past.

http://forums.moneysavingexpert.com/showpost.php?p=41319294&postcount=25

Priceless!

Do you accept that the falls are also

due partly to low sales levels, with average values easily distorted in a subdued market.

or is this only applicable when the market shows a rise?

geneer

IveSeenTheLight wrote: »

Do you accept that the falls are also



or is this only applicable when the market shows a rise?

Strawmanageddon.

:rotfl:How many times do I have to answer this one for you Light.
Because each and every time you make this so called "point" doesn't seem to be enough.

Falls can of course be, in full or in part, the statistical skews dropping out. I've never once claimed otherwise.

One must therefore take things in context.

Knowing that no such price spikes had taken place prior to 2007, one could, in context, determine that such behaviour wasn't normal of a functioning market.

When Estate agents have, on multiple occasions identified price spikes as statistical skew, one can reasonably conclude that the corresponding falls are corrective. Particularly when considering the broader economic context.

See. Simples.

IveSeenTheLight

geneer wrote: »

Strawmanageddon.

:rotfl:How many times do I have to answer this one for you Light.
Because each and every time you make this so called "point" doesn't seem to be enough.

Falls can of course be, in full or in part, the statistical skews dropping out. I've never once claimed otherwise.

One must therefore take things in context.

Knowing that no such price spikes had taken place prior to 2007, one could, in context, determine that such behaviour wasn't normal of a functioning market.

When Estate agents have, on multiple occasions identified price spikes as statistical skew, one can reasonably conclude that the corresponding falls are corrective. Particularly when considering the broader economic context.

See. Simples.

Taking a broader perspective, given that the monthly transactions can be seen as statistical skews in either direction given the methodology, would you consider a years, 2 years, 5 years data to have sufficient transactions to consider the impact on the area?

If so, what's your interpreatation on the data for the last 5 years?
Has it crashed, ramped or relatively stagnated?

geneer

HAMISH_MCTAVISH wrote: »

And besides, geneer will be along shortly to quote some local SPC's intern that says prices are falling, and claiming a non mix adjusted local estate agent index is better than a mix adjusted national index conducted by trained statisticians and economists.

:rotfl:Well it is of course important to consider all sources.
For example the Register of Scotland (who I am reliably informed employ trained statisticians) recently demonstrated that detached houses in Aberdeen had fallen -10% YOY (even though the overall average was +0.1%). So we shouldn't really get all that excited about blunt averages in the low single digits.