quine Posted March 28, 2017 Share Posted March 28, 2017 This flat has just cost the poor sod £80k+ to live in over the last 2 years. 79 Oakhill Grange sold £400k April 2015. For sale OO £320k March 2017. It's not even a nice looking flat - look at the room dimensions/sizes. https://www.aspc.co.uk/search/property/353551/79-Oakhill-Grange/Aberdeen/ Quote Link to comment Share on other sites More sharing options...
Diver Dan Posted March 28, 2017 Share Posted March 28, 2017 (edited) 1 hour ago, quine said: This flat has just cost the poor sod £80k+ to live in over the last 2 years. 79 Oakhill Grange sold £400k April 2015. For sale OO £320k March 2017. It's not even a nice looking flat - look at the room dimensions/sizes. https://www.aspc.co.uk/search/property/353551/79-Oakhill-Grange/Aberdeen/ And for £320k you would expect a fresh coat of Ronseal on that green, slimy looking decking. In other news, I just negotiated 18% off my monthly rent: 'Compact and bijou' 1-bed in the "up and coming" end of Rosemount ? Edited March 28, 2017 by Diver Dan Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted March 28, 2017 Share Posted March 28, 2017 (edited) http://themarketmogul.com/economics-of-scottish-independence/ Quote Pressure from a doggedly low oil price will not subdue given Saudi’s determination to cut output and new players such as American shale producers. In fact, the North Sea is becoming one of the most expensive places to extract oil on the planet, and its output is shrinking as well. Hoteliers in Aberdeen can no longer charge whatever they like when the drilling season comes. http://www.meetpie.com/Modules/NewsModule/newsdetails.aspx?newsid=24368 Quote Hotel prices in Aberdeen fell almost 30 per cent in 2016 to an average of £67 - and a fleet of new openings are expected to keep rates down for the foreseeable future. In its latest UK chain hotels report, HotStats reports that average room rates (ARR) fell to £67 in the 12 months to January 2017, down from £92 in the previous 12 months. The report said: "Following declines in profit per room in 2015 (33 per cent) and 2016 (52 per cent), a 41 per cent year-on-year decline in profit per room in January suggests there is further woe to come for hotels in Aberdeen, as supply increase provide fresh challenges to trading performance. £50/boe BRENT isn't going to ramp up hotel rates, occupancy. Same goes for BTL's, new builds. As a consequence... day rates are p1sh. http://www.telegraph.co.uk/business/2017/03/26/rig-operators-maintenance-crews-forgotten-casualties-oil-price/ Quote EY partner Derek Leith says: “It has been a very difficult trading environment, with the huge pressure on costs and lots of job losses,” and the year ahead will be a struggle too. “When the price started to fall quite rapidly, many companies would have had a reasonable backlog of work [to help] them through the darker days. But there is very little likelihood of that lasting through 2017.” So... no change in trend. Drillers are speaking of this dire trend continuing into late 2018 and beyond. http://www.scottishhousingnews.com/14590/report-reveals-low-level-of-interest-in-affordable-housing-across-aberdeenshire/ Quote Report reveals ‘low’ level of interest in affordable housing across Aberdeenshire “It was noted in a report to committee on September 1 2016 that the need for key worker housing had eased from its position in previous years. ASPC 4834 (buy) Citylets 1199 (let) Gumtree 1211 (let) ... still spoiled for choice. Ask for a 25% (MIN) discount... or don't... at your peril. Edited March 28, 2017 by cashinmattress Quote Link to comment Share on other sites More sharing options...
delboypass Posted March 30, 2017 Share Posted March 30, 2017 On 3/28/2017 at 11:48 AM, Diver Dan said: And for £320k you would expect a fresh coat of Ronseal on that green, slimy looking decking. In other news, I just negotiated 18% off my monthly rent: 'Compact and bijou' 1-bed in the "up and coming" end of Rosemount ? What you paying now for a 1 bed in rosemount Diver? £400? Quote Link to comment Share on other sites More sharing options...
delboypass Posted March 30, 2017 Share Posted March 30, 2017 On 3/28/2017 at 11:48 AM, Diver Dan said: And for £320k you would expect a fresh coat of Ronseal on that green, slimy looking decking. In other news, I just negotiated 18% off my monthly rent: 'Compact and bijou' 1-bed in the "up and coming" end of Rosemount ? He wont have paid £400k .. that will be the price listed.. - he will have been given things like cash back, extra uplift on his trade home etc.. When i looked to buy a new build at £235k.. i was getting it for £205k after wheeling dealing but they said they needed to record it as £235k in registry to show the house's value Quote Link to comment Share on other sites More sharing options...
Diver Dan Posted March 30, 2017 Share Posted March 30, 2017 2 minutes ago, delboypass said: What you paying now for a 1 bed in rosemount Diver? £400? £430. I could probably have got more off but I'm happy enough with that. Quote Link to comment Share on other sites More sharing options...
delboypass Posted March 30, 2017 Share Posted March 30, 2017 Talked recently to estate agent - they say their phones are ringing off the hook..!! (Not with new clients but tenants moving out into cheaper properties - says been ongoing for about 3 months now) a lot of rental properties at high prices sitting stagnant Quote Link to comment Share on other sites More sharing options...
Diver Dan Posted March 30, 2017 Share Posted March 30, 2017 31 minutes ago, delboypass said: Talked recently to estate agent - they say their phones are ringing off the hook..!! (Not with new clients but tenants moving out into cheaper properties - says been ongoing for about 3 months now) a lot of rental properties at high prices sitting stagnant Probably do the economy no harm having a bunch of renters with a bit less month at the end of the money; local shops, bars and restaurants could stand to benefit. Quote Link to comment Share on other sites More sharing options...
ABZ_RVK Posted April 3, 2017 Share Posted April 3, 2017 is the housing market picking up? I have seen few houses come on market and within a week under offer. Also my colleagues are saying that the market is improving? i am not convinced it has improved. Quote Link to comment Share on other sites More sharing options...
Diver Dan Posted April 4, 2017 Share Posted April 4, 2017 (edited) 17 hours ago, ABZ_RVK said: is the housing market picking up? I have seen few houses come on market and within a week under offer. Also my colleagues are saying that the market is improving? i am not convinced it has improved. There are more houses coming up for sale every day (4878 on ASPC right now), so you would expect an uptick in the number of not proportion of them going under offer. Reasonably priced, decent quality, well located properties will always attract interest. Poky, identikit "executive" shoeboxes in out of the way suburbs going for 2014++ prices will always be a hard sell. Edited April 4, 2017 by Diver Dan Quote Link to comment Share on other sites More sharing options...
ABZ_RVK Posted April 4, 2017 Share Posted April 4, 2017 2 minutes ago, Diver Dan said: There are more houses coming up for sale every day (4878 on ASPC right now), so you would expect an uptick in the number of not proportion of them going under offer. Reasonably priced, decent quality, well located properties will always attract interest. Poky, identikit "executive" shoeboxes in out of the way suburbs going for 2014++ prices will always be a hard sell. hmm ok. The other thing i noticed is that some of the houses which came on the market around August 2016 are still holding on to the valuation price at the time it came on the market. Certainly the prices have still dropped from August last year but people seem to be holding on to the prices. Quote Link to comment Share on other sites More sharing options...
ABZ_RVK Posted April 4, 2017 Share Posted April 4, 2017 Council Tax already increased for the coming year from band D http://www.aberdeencity.gov.uk/council_tax_benefits/council_tax_bands.asp Quote Link to comment Share on other sites More sharing options...
Diver Dan Posted April 4, 2017 Share Posted April 4, 2017 1 hour ago, ABZ_RVK said: hmm ok. The other thing i noticed is that some of the houses which came on the market around August 2016 are still holding on to the valuation price at the time it came on the market. Certainly the prices have still dropped from August last year but people seem to be holding on to the prices. There are many reasons why people don't reduce their asking prices. "I'm not giving it away." "House prices always go up." "Just rent it out until the market improves" Take your pick. Quote Link to comment Share on other sites More sharing options...
shortbread Posted April 4, 2017 Share Posted April 4, 2017 2 hours ago, ABZ_RVK said: hmm ok. The other thing i noticed is that some of the houses which came on the market around August 2016 are still holding on to the valuation price at the time it came on the market. Certainly the prices have still dropped from August last year but people seem to be holding on to the prices. Have to say, for the hammering the local economy has taken the house prices have been quite resilient. It's been falling but no where near to be called a 'crash'! Quote Link to comment Share on other sites More sharing options...
delboypass Posted April 6, 2017 Share Posted April 6, 2017 On 4/4/2017 at 9:44 AM, ABZ_RVK said: Council Tax already increased for the coming year from band D http://www.aberdeencity.gov.uk/council_tax_benefits/council_tax_bands.asp Band A- D remain the same - Band E is the one increasing upwards.. http://www.aberdeencity.gov.uk/council_tax_benefits/council_tax_2017_18_changes.asp Quote Link to comment Share on other sites More sharing options...
AD14 Posted April 13, 2017 Share Posted April 13, 2017 Registers of Scotland numbers for Feb out. Average value: £202,818 - actually up almost 9% year on year. First YoY rise since 2015. Be interesting to see if this is a trend or a blip. Number of sales: 199 - sub 200. I think this is the lowest recorded monthly sales figure reported on RoS data for Aberdeen City. Quote Link to comment Share on other sites More sharing options...
babo456 Posted April 13, 2017 Share Posted April 13, 2017 (edited) http://www.insider.co.uk/news/house-prices-scotland-slip-back-10201311 Sorry in advance if I am being slow here but the above says average cost of a house now at 160k with a slight increase in sales. Lots of friends and other folk have spoke to are buying into the BS of Aberdein Co that houses are selling again and that we are on the up. My argument is that yea sales might be up a wee bit but how much have those flats/houses been on the market until sold and how much money had to be discounted before selling. A slight up tick in the sales volumes doesn't signal a meaningfull upturn to me in the general situation that houses still are not selling (ASPC Fast approaching 5000 listings, dare say we will hit that in a month or two) and houses still over priced. Was looking at a house in westhill. 68 sqm 2 bed semi. Bought 2006 for 105k home report in Nov 2016 205k. Similar home same area has been up for a year 205k home report in April 2016 but bought for 159k in 2011. These are more or less boom prices. So the home valuers are still taking the piss in my view. No realism here. Edited April 13, 2017 by babo456 Spelling Quote Link to comment Share on other sites More sharing options...
ABZ_RVK Posted April 13, 2017 Share Posted April 13, 2017 54 minutes ago, babo456 said: http://www.insider.co.uk/news/house-prices-scotland-slip-back-10201311 Sorry in advance if I am being slow here but the above says average cost of a house now at 160k with a slight increase in sales. Lots of friends and other folk have spoke to are buying into the BS of Aberdein Co that houses are selling again and that we are on the up. My argument is that yea sales might be up a wee bit but how much have those flats/houses been on the market until sold and how much money had to be discounted before selling. A slight up tick in the sales volumes doesn't signal a meaningfull upturn to me in the general situation that houses still are not selling (ASPC Fast approaching 5000 listings, dare say we will hit that in a month or two) and houses still over priced. Was looking at a house in westhill. 68 sqm 2 bed semi. Bought 2006 for 105k home report in Nov 2016 205k. Similar home same area has been up for a year 205k home report in April 2016 but bought for 159k in 2011. These are more or less boom prices. So the home valuers are still taking the piss in my view. No realism here. agree with you. Prices still seems to be near to the 2014 peak in some areas. Its just crazy and as you rightly said there are many people spreading news that the market is recovering and prices are going up. People are still living in a fantasy land. we were looking for a property in Mid Socket area and the valuation in the home report is from Feb 2016 and the seller is still sticking to that price even today. Its crazy. You are correct we will soon see 5000+ homes for sale on ASPC . Quote Link to comment Share on other sites More sharing options...
AD14 Posted April 13, 2017 Share Posted April 13, 2017 17 minutes ago, ABZ_RVK said: we were looking for a property in Mid Socket area and the valuation in the home report is from Feb 2016 and the seller is still sticking to that price even today. Its crazy. Have those properties been on the market for over a year now? Quote Link to comment Share on other sites More sharing options...
ABZ_RVK Posted April 13, 2017 Share Posted April 13, 2017 Just now, AD14 said: Have those properties been on the market for over a year now? Yes they are on the market for over a year now. Some still show in ASPC and some have been taken out of ASPC but still on sale in other websites such as rightmove.co.uk and solicitors website. Quote Link to comment Share on other sites More sharing options...
delboypass Posted April 14, 2017 Share Posted April 14, 2017 Just look at rental prices for an indicator of how over heated the market is... 2 beds for under £500 now..and now the BTL Mortgage interest tax kicking in 1st year..Everyone i know with a mortgage on their BTL is selling.. those without mortgage seem to be staying put for now.. Another 500 flats going into Mastrick Aberdeen university about to build more student flats at the playing fields Another development of flats approved at Bobbin old car park Broadfold works about to start Countesswells 3000 properties approved for construction Kingswells still building in Old Kingswells 107 properties in Cults (http://www.aberdeencity.gov.uk/CouncilNews/ci_cns/pr_cultshomes_200315.asp) Lang Stract new flats about to start development, Tillydrone, Ashgrove Cloverleaf Hotel flats: https://www.eveningexpress.co.uk/fp/news/local/housing-and-hotel-plans-approved-for-city-after-council-backs-proposals/ Northern Hotel Flats: https://www.eveningexpress.co.uk/fp/news/local/part-of-hotel-set-to-be-turned-into-new-flats1/ 1700 at Bucksburn: http://www.scottishhousingnews.com/10848/councillors-approve-1700-aberdeen-homes-plan-for-second-time/ I am sure there are many many more.. Aberdeen jobs at all time low, Contracts slashed to lowest bidders, decommissions, sell offs, longer offshore working time... Once AWPR, all those guys leave the city (must be hundreds of them) - this affects all the local bedsits, restaurants, gyms (the irish and newcastle guys seem to love going to the gym).. There is no recovery is there? Quote Link to comment Share on other sites More sharing options...
Barnsey Posted April 14, 2017 Share Posted April 14, 2017 (edited) You know it's getting desperate when they advertise housing for sale on a big display in the departure lounge of Aberdeen Airport! Never seen that before. Has the stabilisation of the oil price back up to $50+ given the industry hope for the foreseeable future? Edited April 14, 2017 by Barnsey Quote Link to comment Share on other sites More sharing options...
babo456 Posted April 14, 2017 Share Posted April 14, 2017 56 minutes ago, Barnsey said: You know it's getting desperate when they advertise housing for sale on a big display in the departure lounge of Aberdeen Airport! Never seen that before. Has the stabilisation of the oil price back up to $50+ given the industry hope for the foreseeable future? TBH those ASPC screens have been there for a few years now. Look at SeaDrill it was turning over 250 Billion two years ago - now potentially away to go bust. Plenty of Aberdeen companys will be in the same boat. The city seems to be thinking things are on the up... soon as the oil rises a bit + people believing there own crap. Don't forget about the first 500 new homes in BOD Grandholm development, 5000 to be build over next 15 years or so? I feel like the propaganda is really racheting up now, which makes me think the shit will hit the fan soon or not.... Quote Link to comment Share on other sites More sharing options...
ABZ_RVK Posted April 14, 2017 Share Posted April 14, 2017 This house has been re-possessed by the bank. We viewed this property and there is heavy leakage in the lounge, lots of issues in the house and we thought there is atleast £50,000 worth of work involved in it to bring it back to livable condition and yet the asking price is close to £400K. I am even surprised that home report valuation is £380,000. This should have been in the region of £250,000 with the loads of issues it has but yet the surveyor thinks it is £380,000. https://www.aspc.co.uk/search/property/353103/34-Louisville-Avenue/Aberdeen/ its crazy how they value such property. Quote Link to comment Share on other sites More sharing options...
delboypass Posted April 14, 2017 Share Posted April 14, 2017 3 hours ago, ABZ_RVK said: This house has been re-possessed by the bank. We viewed this property and there is heavy leakage in the lounge, lots of issues in the house and we thought there is atleast £50,000 worth of work involved in it to bring it back to livable condition and yet the asking price is close to £400K. I am even surprised that home report valuation is £380,000. This should have been in the region of £250,000 with the loads of issues it has but yet the surveyor thinks it is £380,000. https://www.aspc.co.uk/search/property/353103/34-Louisville-Avenue/Aberdeen/ its crazy how they value such property. Exactly - and its a 1970s or 60 building with lathe and plaster .. any refub would be a nightmare and in these properties all the roofs are now failing and need full replacements.. you will see it throughout the city with scaffolding up. Semi detached..the only thing going for it is internal floor space.. The bust will come soon.. just need interest rates to rise to stop inflation! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.