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Debate House Prices
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The Aberdeen House Prices & Rents thread
HAMISH_MCTAVISH
Posts: 28,592 Forumite
A thread for 'the usual suspect' to comment on Aberdeen.
Latest Data:
ASPC: Prices -0.8% YoY
This is wholly insignificant, and given how far prices are above 2007 levels, would be insignificant even if the falls were much larger and sustained for many years.
Other sources confirm price changes in the market are minor:
ROS: Prices -2.2% YoY
Acadata: Prices -1.8% YoY
For comparison, Scotland average is -2.0% YoY
Citylets:
While rents are definitely dipping, they're still not far off double what they were in 2007 and still represent excellent returns on investment. As they would if they fell 50% for most people.
Lets keep the Aberdeen related posts in this thread just for the topic.
Any further Aberdeen posts cluttering up all the other threads will be reported as off topic.
Latest Data:
ASPC: Prices -0.8% YoY
This is wholly insignificant, and given how far prices are above 2007 levels, would be insignificant even if the falls were much larger and sustained for many years.
Other sources confirm price changes in the market are minor:
ROS: Prices -2.2% YoY
Acadata: Prices -1.8% YoY
For comparison, Scotland average is -2.0% YoY
Citylets:
While rents are definitely dipping, they're still not far off double what they were in 2007 and still represent excellent returns on investment. As they would if they fell 50% for most people.
Lets keep the Aberdeen related posts in this thread just for the topic.
Any further Aberdeen posts cluttering up all the other threads will be reported as off topic.
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
0
Comments
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Wow.
Edinburgh rents up almost 8% YoY!Don't blame me, I voted Remain.0 -
mayonnaise wrote: »Wow.
Edinburgh rents up almost 8% YoY!
Apologies, I should have posted this in the Edinburgh Rents thread. :doh:Don't blame me, I voted Remain.0 -
HAMISH_MCTAVISH wrote: »A thread for 'the usual suspect' to comment on Aberdeen.
Latest Data:
ASPC: Prices -0.8% YoY
ROS: Prices -2.2% YoY
Acadata: Prices -1.8% YoY
For comparison, Scotland average is -2.0% YoY
Citylets:
While rents are definitely dipping, they're still not far off double what they were in 2007.
Lets keep the Aberdeen related posts in this thread just for the topic.
Any further Aberdeen posts cluttering up all the other threads will be reported as off topic.
The oil industry alone by far has made the Aberdeen housing market as high as what it is. If oil remains sub $35 for much longer then that housing market will collapse, simple as.0 -
anchovypizza wrote: »The oil industry alone by far has made the Aberdeen housing market as high as what it is. If oil remains sub $35 for much longer then that housing market will collapse, simple as.
Good news.
I could do with picking up some more property on the cheap.
Hopefully the Crashtastic Crash to end all Crashes that Crashy Time keeps talking about will come along soon....
Unfortunately there's no sign of it yet.:(“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: »Good news.
I could do with picking up some more property on the cheap.
Hopefully the Crashtastic Crash to end all Crashes that Crashy Time keeps talking about will come along soon....
Unfortunately there's no sign of it yet.:(
Yep, it's called catching a falling knife by stock brokers
Good luck with that, you are not the first person I have seen clinging on to a past Bull market, but yours will be the most fun
0 -
anchovypizza wrote: »Good luck with that, you are not the first person I have seen clinging on to a past Bull market, but yours will be the most fun
I have no desire to cling on to a past Bull market, I want to buy more property, so the cheaper it gets the better it is for me.
Let em crash!!! :money:“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: »I have no desire to cling on to a past Bull market, I want to buy more property, so the cheaper it gets the better it is for me.
Let em crash!!! :money:
Why more property in Aberdeen?0 -
mayonnaise wrote: »Wow.
Edinburgh rents up almost 8% YoY!
What do you think is driving this "increase"?0 -
Crashy_Time wrote: »Why more property in Aberdeen?
Umm, because it's where I live?“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: »Umm, because it's where I live?
Doesn`t make much sense though, do you want multiple houses for yourself, or do you think the rental sector will survive the meltdown of oil prices? Quoting estate agent figures for last month or whatever isn`t a guide to where Aberdeen will be in a year or two.0
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