The Aberdeen House Prices & Rents thread

wotsthat

Crashy_Time wrote: »

Still massively overvalued IMO, just shows how lots of loose credit/money sloshing around can distort values.

What do you think the correct value is?

Crashy_Time

wotsthat wrote: »

What do you think the correct value is?

200k, and that's being generous.

HAMISH_MCTAVISH

Crashy_Time wrote: »

HPC Hive mind saying this is approaching the 2007 price. What`s the score Hamish?

In 2009 the 'HPC hive mind' were saying prices would never rise back to 2007 levels again.

Now after a year of falling oil they're excited houses may be dipping to levels still well above 2007 prices.

So 'the score' is probably to take whatever they say with a very big pinch of salt.;)

wotsthat

Crashy_Time wrote: »

200k, and that's being generous.

Why don't you make a correct offer which is 60% of the current asking price then? They might take it - I think I can smell the fear.

Tell them you've got a crush on a bloke from Aberdeen and it would give you the shivers to live in the same town and that's the only reason you're being so generous.

Please post the video.

Crashy_Time

wotsthat wrote: »

Why don't you make a correct offer which is 60% of the current asking price then? They might take it - I think I can smell the fear.

Tell them you've got a crush on a bloke from Aberdeen and it would give you the shivers to live in the same town and that's the only reason you're being so generous.

Please post the video.

No interest in making an offer, I just like watching bubbles pop.

wotsthat

Crashy_Time wrote: »

No interest in making an offer, I just like watching bubbles pop.

That house is up for a lot more than double your generous valuation.

Doesn't sound like a bubble that's popped - you might be a little premature.

Crashy_Time

wotsthat wrote: »

That house is up for a lot more than double your generous valuation.

Doesn't sound like a bubble that's popped - you might be a little premature.

Not saying this is the final pop, just the start of the popping.

wotsthat

Crashy_Time wrote: »

Not saying this is the final pop, just the start of the popping.

It's not a pop at all unless you consider an asking price well over twice your considered valuation clear evidence of a bubble being popped. If the evidence barrier is so very low no wonder you see a bubble being burst around every corner.

First time I've heard of a bubble that keeps popping.

Inception

Living in Aberdeen I actually have an interest in the local property prices and find this thread a great supplement to all the other great sources of information out there...it also gives me a great laugh with people obsessing over a property crash in a place where they do not live and with a person called Hamish who talks sense...

Anyway I was wondering if anyone had any opinions on the state of houses in the shires around the city. For example towns such as Inverurie and Stonehaven, if Aberdeen was to fall further will they fall in tandem or have they got enough stability to stand their own ground? Stonehaven was apparently the most expensive coastal town in the country with a 101% increase over a decade prior to 2014. Prices fell -1.8% last year in Stonehaven which is pretty much in line with Scotland at -1.9% and obviously with Aberdeen a little higher at -2.8%. So what could the future hold for towns such as Stonehaven?

Crashy_Time

wotsthat wrote: »

It's not a pop at all unless you consider an asking price well over twice your considered valuation clear evidence of a bubble being popped. If the evidence barrier is so very low no wonder you see a bubble being burst around every corner.

First time I've heard of a bubble that keeps popping.

Lets just watch Aberdeen and see who is right.