Ooops, there go prices in Scotland, too....

dbbear

No one can deny that the house market has slowed, including Scotland. There is defintely something going on in the market here when fixed price is becoming more common, house's on the market for longer and an increase in the adverts to "buy your house and rent it back". We may not be in the mess south of the border is and may never be but repossesions have increased more in scotland over the last year. Add to the fact that the rental market seems to have topped out a bit and buy to lets are going down, not to mention many now priced out of the market the demand for houses has decreased.

The government and the estate agents have been silly to have been so greedy over the years as all this discussion is down to them Rather than have growth remain at a small and stable rate they all wanted the big bucks fast, now the well is drying up we are all now concerned and looking ahead with caution!!

IveSeenTheLight

mitchaa wrote: »

WRONG!!!

National average is no-where near £28,000. As of last year it was £25,000. Dont know where you have got your figures from but i will dig out the official link into salaries.

edited...

Here you go, direct from the government..

http://www.statistics.gov.uk/downloads/theme_labour/ASHE_2007/tab7_7a.xls

THE UK NATIONAL AVERAGE CURRENTLY STANDS AT £24,908

The more important median figure stands at £19,943 (50% under, 50% above for those of you who do not understand the term median)

Actually, you should look at the figures for full time workers.
The average you are quoting included students, part time workers etc which will drag the average down

IveSeenTheLight

mitchaa wrote: »

I hate the Scottish buying system, great if you're a seller, crap if you're a buyer.

I love the Scottish buying system.
You know exactly where you stand.
You have to do quite a bit of market research to be verry successful.

I have won every house bid I have made (within a few hundred pounds) bar two.
The first was for my family home which I stretched myself for but was outbid. 6 months later I saved a bigger deposit, bought a similar house on the same street but with a much better garden and less passing traffic.

The second was a very bold cheeky bid for a BTL which had a few issues that had to be resolved. I valued the property made the bid and was outbid. I have no regrets as I did not want to pay any more than my bid.

IveSeenTheLight

mystic_trev wrote: »

I wonder how the declining Oil revenues are going to effect them this time round? Perhaps they'll replace it with a Bagpipe assembly plant, or a Haggis stuffing factory!:rolleyes:

Yeah thats right, the oil price is so low the operators are going to reduce production at the moment :rotfl: :rotfl: :rotfl:

forget the Bagpipe assembly or haggis stuffing.
I'm going into Whisky quality control

IveSeenTheLight

dbbear wrote: »

No one can deny that the house market has slowed, including Scotland. There is defintely something going on in the market here when fixed price is becoming more common, house's on the market for longer and an increase in the adverts to "buy your house and rent it back". We may not be in the mess south of the border is and may never be but repossesions have increased more in scotland over the last year. Add to the fact that the rental market seems to have topped out a bit and buy to lets are going down, not to mention many now priced out of the market the demand for houses has decreased.

The government and the estate agents have been silly to have been so greedy over the years as all this discussion is down to them Rather than have growth remain at a small and stable rate they all wanted the big bucks fast, now the well is drying up we are all now concerned and looking ahead with caution!!

Most of your post is not in line with my experience of the market in Aberdeen in the last year. It would be good if you could back up some of these unbelievable "facts" with quotes.

I did witness an increase in fixed price houses in November & December, but now I see it back to the norm with most as offers over. check out https://www.aspc.co.uk

You mention the rental market has topped out but i have increased the rent on both my properties by 22% and 14% respectively (both still slightly under market average rate) with both properties being snapped up as soon as they were available

bobby-boy_2

An estate agent goes to the wall how sad. Things are run a little differently in Scotland as most people sell/buy through their solicitor. Thats what the "S" in ASPC stands for as it does in TSPC etc. As the article said all of 10 employees not much of a leading company then.

beecher

I don't think 'most' people sell through their solicitor - I'd be amazed if the GSPC get more sales than the rest of the EA in Glasgow put together for example.

I think this is significant - the change in the market is going to impact on Scotland, just as anywhere else, as this shows.

bobby-boy_2

Hi Beecher I reckon that GSPC get more sales than any idividual agent but that is only my opinion. and technically even if you use an estate agent you will still use a solicitor but point taken.

IveSeenTheLight

carolt wrote: »

http://news.bbc.co.uk/1/hi/scotland/7304007.stm

Compare your link to http://www.nationwide.co.uk/hpi/historical/q1_2008.pdf

This shows that Scotland is still growing, in the area I have a vested interest its 13% in the last quarter.

Makes your subject header look complete nonsense doesn't it

carolt

IveSeenTheLight wrote: »

Compare your link to http://www.nationwide.co.uk/hpi/historical/q1_2008.pdf

This shows that Scotland is still growing, in the area I have a vested interest its 13% in the last quarter.

Makes your subject header look complete nonsense doesn't it

Ha ha ha.

No it makes your post look complete nonsense!

Here's my earlier post in this thread to another bull who can't read (post 34):


No, mitchaa - you misread my original post, or the article - or possibly did not bother to actually read either, just went off on your little hobby horse in blind panic at the thought that you might be about to lose some money...

Nowhere did I say that Scottish house prices were currently falling - nor does the article suggest that.

What I said was that changes due to be brought in this summer would probably have the effect of increasing the supply, temporarily, and therefore reducing prices, later this year.

The reason it's not happening yet and has not yet had an effect is because we are still several months away.

It's clear from the figures that Scottish prices are still bucking the trend - but then, as I pointed out above, they lagged the rest of the UK in the last crash too.

Come back in say 9 months and then post that everything is tip top with Scottish house prices, and it will then have some relevance to this thread.

What your relatives did in the recent past is neither here nor there to what prices will do in a few months' time.

FWIW, I have absolutely no interest in talking down (or up) the Scottish property market, personally - I don't live there, wish to live there or have any friends or family living there. I am as detached from it as I am from the US property market, but observe it insofar as - unlike yourself - I believe all the property markets are linked, to some degree, and because I am amused by the shrill cries whenever Scotland is mentioned that 'it's all different there'....

Yeah, like Scotland is an island....


Try bothering to read the original post or indeed any of the comment since, before criticising!

Otherwise you will make yourself appear a bit of a fool!