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

Kat_9Lives

Seems to be a bit of squabbling going on now!!

BUT moving away from that I think the market in Aberdeen has often been a bit different to the rest of Scotland (I come originally from that area myself) and is much more driven by the local economy and the price of oil than the UK or worldwide economy dictates for the rest of us.

Where I am in Glasgow, I'm seeing an awful lot of same-ish properties coming on the market, going to a fixed price and still being on the market. Also alot of places I've seen sold (STCM) have come back on the market.

The bottom seems to have fallen out of the new build luxury apartment market, which is bad news for anyone having bought one or even for all the people that work in construction.

Hope it picks up soon.

IveSeenTheLight

jackieb wrote: »

Excuse me, but who's looking a bit of a fool? You said yourself that you don't live here, have no interest in living here, but you seem to be gloating in the fact that you think prices in Scotland are going to tumble eventually too.
What happened with house prices in the past, is fact. What's going to happen in the future is just speculation.

Exactly,

The OP can shout, use bold letters, increase the font size as much as she wants.
The fact remains that her post header "Oooops, there go prices in Scotland, too......." is factually incorrect and she cannot accept when prooved wrong.

She may turn out to be correct, but then she has been waiting for at least 6 years to buy property and for me seems to be a pent up frustrated person trying to justify decisions she has made and hope that there is a crash so she was justified.

IveSeenTheLight

carolt wrote: »

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

So your title thread of "Ooops, there goes house prices in Scotland too......" does not infer that Scottish prices are falling.

carolt wrote: »

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!

I'm definately not a fool. I chose the correct time to get on the ladder and have made enough significant overpayments to be able to clear my mortgage by the end of this year.
I have not sat around for a number of years waiting for a crash in the last decade, now that was foolish.

Try not to be condescending or gloating even after such a long time if you turn out to be correct.
For this thread, I have provided evidense that you are still incorrect at this time.

I doubt that since you have been hoping to buy since 2002 and maybe before that you will see house prices drop to those levels, but for your sake, I hope you can get an affordable house and then maybe you won't be such an aggressive, frustrated poster.

At the end of the day, Britain has a culture where everyone want to own their own home.
There is no devine right for this to happen, you have to be able to afford it.
It seems that Britain has also become a country of moaners who complain that they cannot afford to buy rather than doing something about their income or accepting the affordability issue.
Many people in Europe rent throught their lifetime and live a happy life not concerned with buying.

The market will also fluctuate and alwaysfind a median.
If people can afford and want to buy then they will and prices may go up.
If people cannot affor to buy, they wont (shouldn't) and the market may correct if there are not enough people who can afford to buy.

ooglewoogle

Kat_9Lives wrote: »

Seems to be a bit of squabbling going on now!!

BUT moving away from that I think the market in Aberdeen has often been a bit different to the rest of Scotland (I come originally from that area myself) and is much more driven by the local economy and the price of oil than the UK or worldwide economy dictates for the rest of us.

I would tend to agree about Aberdeen being a unique case and not reflective of what is going on in the rest of the country. I would be suprised if it evades the coming storms completely though.

IMHO anyone who thinks that Scotland won't be hit hard in the coming crash is sadly deluded. In areas I know of (Ayrshire, Dumfriesshire, Invernesshire) things have ground to a halt. Fixed price sales have flooded the market trying to cajole sales....but buyers seem to few and far between. I have heard of both Edinburgh and Glasgow EA's going bust...some of which are very long standing firms. I think things are going to be very grim by the end of the year.

As for the OP concerning the sellers survey...bring it! That little surveyors racket has being going on way too long.:rolleyes:

jackieb

ooglewoogle wrote: »

As for the OP concerning the sellers survey...bring it! That little surveyors racket has being going on way too long.:rolleyes:

I know. It cost me £265 last week, just for a mortgage valuation.

carolt

Hello IveSeenTheLight, always my favourite bull.

No, I don't think you're a fool, though somewhat over-optimistic.

Thank you for your good wishes concerning my buying in future - I hope you are right.

As I have pointed out above ad nauseam, however, I do not want to buy in Scotland, and am a genuinely disinterested observer. I started this thread in response to all the 'Oh but Scotland is different to the rest of the UK' comments elsewhere, and because I thought Scottish buyers/sellers would be interested in the information in the article. I have nothing personally to gain or lose from the situation in Scotland, as it would be rather a long daily commute to my OH's work in London and my kids' school in the Home Counties.

I do admit the title was a bit mischievous and chosen to draw comment; however as an English teacher, I do feel the need to point out the use of the present simple for future events is standard in English (eg my train leaves at 8pm this evening - this clearly refers to the future, not the present) - it does not imply that prices are falling now, and even a cursory glance at the article would have made it clear that was not what it referred to.

Unfortunately, a number of replies on this thread seem to have replied to the title, without (a) a basic understanding of English grammar (see above) and (b) without even bothering to read the article.

I'm all for reasoned debate with the substance of the article; after all, I don't live there and what do I know of local conditions there? For people planning to buy/sell there, all the more local information others can provide, the better. But irrational niggling over a misunderstanding of the title seems, to me, like a clever attempt to avoid engaging with the real substance of the OP; that prices in Scotland will start to fall from the summer, as a result of the new surveys being brought in.

Any comment on this welcome and appreciated.

bobby-boy_2

carolt wrote: »

start to fall from the summer, as a result of the new surveys being brought in.

Any comment on this welcome and appreciated.

Hi Carolt I have edited your quote to the bit I want to reply to, hope you don't mind.
I read the article and it speculates that prices will fall due to the introduction of HPI.
It does not say they will fall yet you still state this "fact" in your quote.

They probably will but none of us can fortell the future so don't state that they will fall as you just don't know!
Please feel free to correct any spelling mistakes, gramatical errors.

carolt

bobby-boy wrote: »

Hi Carolt I have edited your quote to the bit I want to reply to, hope you don't mind.
I read the article and it speculates that prices will fall due to the introduction of HPI.
It does not say they will fall yet you still state this "fact" in your quote.

They probably will but none of us can fortell the future so don't state that they will fall as you just don't know!
Please feel free to correct any spelling mistakes, gramatical errors.

OK then - foretell is spelt with two 'e's.

Seriously, though, that's a completely valid point, and more what I was hoping for. Of course it's a prediction, not fact.

However, it is based on research and published by a national newspaper; it's their opinion, not mine. I don't personally claim to have any knowledge of the Scottish market, other than what I read.

I'd be very, very interested to hear your evidence for why you disagree with the Times - rather than just an unsubstantiated opinion.

Otherwise it does sound a tad like wishful thinking. :rolleyes:

mymatebob

I have a neighbour who owns an EA business in Glasgow (and the west of Scotland)
He looks for a minimum of 35% over the asking price.

He told me last week that he has had to accept a few round the 30% mark but he still gets people who go nearer 40%.

Personally I think this is scandalous and to be honest he does tend to go for the more upmarket properties, but only if they are really worth his while.

He turned down the chance to market a £1million pound place as it needed too much work done on it and the thought he wouldn't make more than 15%.

I hope I never have to move!

bobby-boy_2

Hi Carolt did not read the Times article only the article you linked to which was the bbc news page. If you re-read my post you will see I said that i think prices will FALL. That is opinion I don't think they will crash but the market will "re-aligne" itself or whatever fancy term they are using. There is very little family accomodation available from social/ council landlords in my area so demand for this type of housing will remain high and demand sustains prices.