im thinking what goes up must come down etc economic cycles etc, even with the road links regeneration blah blah the average wage in these parts is less than 20k so surely the aveage house should cost around 65/75k no?
I mean ex council houses now selling in the three towns for as much as 140k mental or normal?

When the average man, on the average wage, can't buy the average hoose, you know its going to end badly.

yes sirreee bob, brother in laws brother tried to buy a hoose in ardrossan in nov, the motte development offer rejected at 229K same house now fixed price 199k, dawnlight circle 4 bed hoose ardrossan last week oo 185K now fp 179K montgomerie st last week 2 bed flat oo 73k now fp 69k mmmmm me thinks its falling fast! but it will take a wee while for everyone to accept they are not gonna get the stupid prices they are asking for so some adjustment time needed for the coffee to be sniffed!

cannonfodder

These price falls that you have highlighted are just the start !, hoping to see it hit kilwinning and Irvine soon! long way down!

Dont see anything selling at the moment in Ayrshire, I am currently seeking a 4 bedroom house. Any I have viewed are way overpriced and they are all holding out for 10% over asking!!!

Noticed over the last few days a few have gone to fixed however only one I have seen in Kilwinning has reduced their price.

Looks to me as if there is a real stand off. As a buyer I for one am not willing to pay these inflated prices. So I am more than willing to sit back and see how long these sellers take bofore their bottles crash.

some price drops!

http://www.rightmove.co.uk/viewdetails-868...=1&tr_t=buy

that one from 227,000 to just under 220,000 grand!

http://www.rightmove.co.uk/viewdetails-967...=7&tr_t=buy

down 4,000 pounds a few others down a couple of thousand, will keep looking via property bee, ideally am looking for a good price on a 4 bed detached , newish in kilwinning or preferably lawthorn irvine.

http://www.rightmove.co.uk/viewdetails-868...=1&tr_t=buy

Lovely home, but the hard fact is the local median wage DOES NOT SUPPORT THE PRICE REQUESTED.

Most people around there are on 20k or less, and when you make them live off that 20k and not a credit card, as has been happening this last month or so, reality bites as to what you can afford and it bites bloody hard.

Knockentiber, 400 plus grand!

http://www.rightmove.co.uk/viewdetails-176...=1&tr_t=buy

What a joke, the world has gone completely mad. I've been surprised for a long time at house prices in Ayrshire, but this one beats the lot!

Knockentiber FFS!

Although this house is lovely decorated, unfortunately it is right next to a lane. Which is fairly well used as it is one of the main access lanes. Even if this house reduced by a further 20k the fact it is next to a lane would put me off buying.

hi everyone have you seen the last two editions of the ard & salt herald and the irvine herald, they have been doing a 4 page property special, to try and ramp us all up into a frenzy lol. A stand off it is !!! from what i can see with friends etc who ended fixed rates in dec last month was a huge squeeze for them but they are determined to hang on to their over priced mortgages. Im positive that most will not be able to sqeeze enough out of their average 20k wage packets to keep paying and by April we will see a lot more trying to sell up! Also how many people do you know driving around in cars, they wouldnt have afforded if they had not re mortgaged etc. The holidays over and the prudent shall inherit the three bedroom semi says I. Yes Indeed the crash is on!

For a long time I have really struggled to understand how the average family in North Ayrshire could afford 200k houses. Silly me thought banks only loaned multiples of 3 times annual salary, although we are probably back there now with the Credit Crunch.

Do any of the Ayrshire folks have anectdotal evidence of folks in Ayrshire struggling to pay due to high mortgage multiples?

I know a few people down that way in the management end of things, 30k PA types etc.

Those who bought pre 2005 are okay, as long as they haven't been mad on the cards. It's the first time buyer types that are thin on the ground. Anecdotally, nothing is selling unless it's very keenly priced. Those expecting 10/15% offers over are realising they are onto a hiding.

hi folks

notice some drops in kilmarnock with propertybee! i am getting more excited by the prospect of more drops come the summer time:)

http://www.rightmove.co.uk/property/17791676
down 20K
http://www.rightmove.co.uk/property/17791676
down 20k
and there are lots more down 10k 5k 7k just in the last few days !

So an Ayrshire house price crash is on without a doubt! I have noticed 7 price drops in two days in only two small towns Ard&Salt, I wonder if the estage agents know its actually in their best business interest to speed up the house price crash in Ayrshire. I wonder if we shoud start listing and providing links to the price drops we see across ayrshire. Anyone up for it?

Yes count me in I check the houseprices most days in Stevenston and Kilwinning. Can you tell me how propertybee works?

Lucy Hi, sorry I dont use it but the site itself is pretty helpfull and i have noticed a couple of other discussions on setting it up on this site. Dont have links to them though.
looking forward to seeing the drops you spot.

Hi lucy i just had a quick look at property snake and found these, I must say it does not pick up all the drops out ther i have witnessed about twice the amount it has on record for the area i am intereseted in, in Ayrshire, hope you like them.
Scotland ain't cheap relative to local wages, most people can only see prices stabilising never falling, as if we are immune to global forces prices will fall hard same as everywhere else.
Ahem!!!!!!!
Select page: << First Last >>
Currently viewing page 1 of 1.
address
type
original price
current price
change
days on market
postcode
Three Sisters Court, Saltcoats
4 bedroom house £186,000 £165,000 DOWN 11% 94 days (ka21)

Galloway Place, Saltcoats
2 bedroom flat £75,000 £67,995 DOWN 9% 94 days (ka21)

Parkend Road, Saltcoats
1 bedroom flat £75,000 £73,000 DOWN 2% 41 days (ka21)


Montgomerie Street, Ardrossan
2 bedroom flat £69,995 £67,500 DOWN 3% 87 days (ka22)

Belfast Quay, Irvine
1 bedroom flat £109,950 £104,995 DOWN 4% 41 days (ka12)

Winton Place, Irvine
2 bedroom house £92,000 £89,950 DOWN 2% 41 days (ka12)

Gullane place, Kilwinning
2 bedroom house £118,000 £112,000 DOWN 5% 87 days (ka13)

Foundry Wynd, Kilwinning
4 bedroom house £227,000 £219,995 DOWN 3% 94 days (ka13)


Nursery Wynd, Kilwinning
5 bedroom house £237,500 £235,500 DOWN 0% 94 days (ka13)



Crannog Way, Kilwinning
4 bedroom house £174,000 £173,500 DOWN 0% 94 days (ka13)

When you view a property in Rightmove's web site, Property Bee remembers the details. If you ever view that property again and something about that property has changed, Property Bee tells you what has changed and when.

ie
22 - Feb - 2008 You get the details of when the property was first listed.
24 - Feb - 2008 Description changed from STC to now available
25 - Feb - 2008 Price changed from £159,995 to £150,000

The list appears in a little (mostly) box in the original listing.

Now here is the neat part, when you do a search and that search result brings up 1100 entries, each time you view 10 of those entries, Property Bee remembers the entire page and amends the view of the entire page to include all the history of each property. So all you have to do is page from 1-10, 11-20, 21-30 etc to store the details.

Property Bee is an addon for Firefox browser. (just in case you didn't know). Firefox browser will work with Internet Explorer so if you havn't got it installed yet its not a propblem.

Thanks Driver will try that

Just spoke with A local Estate Agent who says the Market has ground to a halt. Especially with houses over £150K!!!

Some more falls in kilwinning!!!, crash is on full steam now methinks!!, look for some big falls before the summer hols!

100% guaranteed lol!

http://www.rightmove.co.uk/viewdetails-921...=2&tr_t=buy

that one down 13k

http://www.rightmove.co.uk/viewdetails-191...=2&tr_t=buy

down 3 k

in kilmarnock down 3 k

http://www.rightmove.co.uk/search.rsp?lo_u...e=1204324797203

http://www.rightmove.co.uk/search.rsp?lo_u...e=1204324797203

down 7k the one above

http://www.housepricecrash.co.uk/forum/ind...15&start=15

down 5k

http://www.housepricecrash.co.uk/forum/ind...15&start=15

down 5k

thats just some of them a lot going to fixed prices now and set to fall!

shuggy

Lucy thats really interesting I spoke with an EA who says that hes not selling anything under 100k but the market im lookin in 150-200K is moving fast, someone is telling porky pies. By the way when ever a house in my price range comes on he phones to let me know its coming on also, where as 6 months ago it could take the same agency 2 days to return my call mmmmmmmmmmmm CRASH bring it on!

Estate Agent just called to say a house I view over 3 weeks ago had now reduce its price.

House came on the market just after Christmas at Offers Over 198K then a few weeks ago it fixed at 219K.

So I said whats the new price and they said Offers Over 194K. I said lets cut to the chase what do they want - 10% over she coolly replied!!!!!

So around 213K.

I told her to forget it, this house was overprice compared with comparable houses in the area never mind the current market.


I would have been mad if she were my agent as she didnt even ask what I was willing to pay.

Until agents get in touch with the Credit Crunch sellers are going to see their houses sit on the market till their value drops even further.

Yep Lucy

you are 100% right!
Im wondering how long it will take people selling to click that there house is only worth what someone is willing to pay not what an estate agent (unqualified unregistered unregulated generally uneducated) tell them its worth!

I know some at one agency locally who specialise in moving 2 Ayrshire, where the management in particular are some of the most arrogant ignorant and down right rude people I have ever met in my life. I will be watching with real concern when these people in the not to distant future are looking for employment, not only will they have a hard time finding employment as some will blame them for the boom bust but also of the ones I mentioned many have several BTL properties that currently they have no intention of selling which qualifies my uneducated comment earlier.

There have been numerous reductions price drops and fixed prices since I listed the last ones I posted, infact too many to be bothered listing but I think anyone serious about buying will be aware of these even at a glance as there are so many!
Also the crazy incentives being offered by the big developers, mortgage paid for a year, stamp duty paid, free this free that etc is with out a doubt sending out a loud n clear message that prices are falling and falling hard and fast.

I would never have predicted how fast these reductions would have came in my wildest hopes, I am thinking come April May June this could reach as much as 20- 25% especially after April with the new tax laws enabling the BTL sell up for more profit.
Bottom line is a house is only worth what someone is willing to pay for it! Keep us posted on your conversations with the EA and good luck!

rather large drop on this one
http://www.gspc.co.uk/property/134951/
in November in was on at offers over 185k
then dropped to FP 179K in January
now march FP 169K whats that in % terms ? ALOT!!!!!!!!! funnily enough fair play to the sellers as they appear to be on the ball as far as the state of the current market unlike their neighbours round the corner who have theirs on at the same price with 1 bedroom less and no where near as good taste! lol.
Again folks their are numerous local drops in the 3 towns, Come the summer we will have a very different market, after april the BTL CGT relief kicks in and with more and more banks withdrawing mortgages every day, it will be very difficult for joe bloggs to even get a mortgage without a heafty deposit stashed!
Anyone agree?

Yes I agree with you I expect prices to dip significantly come the summer. There still seems to be a real reluctance by the majority of sellers to drop their prices. This in turn is stalling the whole market.

I expect however the stand off cant last much longer because if it does Estate Agents are going to go out of business, with nothing selling they cannot be generating any income. So no doubt they will have to start advising their sellers to have a more realistic view and reduce prices.

The naivety of sellers astounds me, I offered 5% over asking price on a house just before Xmas and the seller refused. The house is still on the market. When I last checked a week ago the EA tells me they are still holding out for 10% over asking. As the market stands now I wouldnt offer this again and am really glad they turned down my offer.

Yes Lucy that was a spot of divine intervention, someone upstairs looking after you and all that.

Thank goodness your offer wasnt accepted.

I have decided to wait till around July, August before seriously considering buying anything locally as it will take till at least then for the bad news to sink in with sellers.

Saying that I am not optimistic about the economic situation at all and judging by the events over the last three months in the credit makets, banks, and ecomomy in general in the uk, who knows what the next three months could bring, one thing is for sure when the PM and the Chancellor are saying things like prepare to tighten belts and economic slowdown etc it is looking far far from good.

When the goverment are saying its bad you better be asking yourself, well if they are admitting it we are well and truly F,ed. Interesting few months ahead for us all.

I wonder if the local EAs have even the understanding of whats happening! I doubt it as most of them are very new in business terms and from what i can see locally there is only one agent in all the agiencies who has been selling houses as a career, for more than 5 years, the rest are part of the bubble. Although I could be wrong, but regardless I really do hope they cotton on quick as unemployment and empty shop fronts are bad enough already round these parts.
Any one any more interesting stories to tell about their dealings with EAs or their search in general, lets keep the momentum going on our wee Ayrshire thread.

hi folks

appears on the main that people are in denial here in ayrshire, people not willing to accept these faux expected prices for houses, i think by next year we are in for a minimum 15% fall, i mean in some areas over 100k for ex local authority house? hmm dont think so!!. i work as a psychiatric nurse in the community and i reckon there will be a lot of people coming to services due to pressures of debt in next 6 months, that is 100% guaranteed!

Mind you still have to fight the corner with my wife, whom is influenced by her mum, who works in the financial sector with the old adage; house prices can only go up lol - oh dear!

So the 6oclock news said tonight no longer a credit crunch now a credit crisis. I wonder if 130k for an average 3 bed ex council in ayrshire will be viewed in a few years like like tulip mania or the dot com bubble. House prices have not risen because of supply problems AS WE HAVE BEEN LEAD TO BELIEVE but because of available cheap credit and greed just like all bubbles in history.

Shuggy my sympathy to you wholeheartedly with the mother in law situation, although i wonder if she is aware that over the last week 30 thousand jobs are going in london in the finacial sector, estimates reckon that means a knock on of another 50,000 across the sector in general, not to mention the domino effect of the losses on other industries and services, stay strong they will thank you for it sooner than you think.

A house can only be bought for what some one can afford to pay. If the cheap credit dries up as it is alreadfy with banks pulling mortgages, some at an hours notice as reported tonight on the same news item on the bbc then the price of houses will collapse.

Think about it like this if you cant borrow money to buy a house, how much are you willing to pay out of your savings to get one. how many people do you know who live monthly, month to month and have no savings at all!. I think the majority of my friends and family live like this and if anyone does has savings its around the two months salary mark.

If the banks are not lending because they no longer trust each other or in some cases they are on the brink of collapse, who or how are people going to remortgage when their fixed rates come to an end and as for the first time buyer the chance of them having a possible 20-30% possibly higher, deposit are virtually non existent.
Am I being too negative, I hope so but this is what the current lending market looks like at the moment, and the majority of economic forecast is that lending criteras will only tighten further.
Are your friend family work mates etc aware of this, mine all think im nuts!!!!!!! i do not look forward to the day they shi* you were right!
AM I?

INVERCLYDE


On Rightmove last November (around 530 properties for sale)

On Rightmove Today (675 properties for sale)

EDIT- Say no More!

Hi cannonfodder

No I don think you are being too negative indeed you are being realistic, for 9 months ive said to family etc this cheap credit and bad debt cannot continue, today the wife is admitting you were right, not much satisfaction when a great depression is upon is though, what will this wreak on close friends etc with more debt?

There have been several newspaper articles recently telling us that Irvine has had the fastest-growing house prices in Scotland over the last 5 years.

http://www.theherald.co.uk/news/other/disp..._five_years.php


http://thescotsman.scotsman.com/glasgow/Ir...e-of.3881792.jp


It's a long time since I've been anywhere near Irvine, so I was wondering what the local take on this news is. I didn't have Irvine down as a particularly fantastic place to live.

PS. Here's what was happening in 2005: http://news.bbc.co.uk/1/hi/scotland/4725597.stm

http://www.ayrshirescotlandbusinessnews.com/ £70 million investment over 10 years !!!!! AYE RIGHT YOU YA BAW BAG!
we had nicola sturgeon down yesterday this is why its getting the press but what it means is they have packaged up what we are due anywayy into an "Initiative". Clever people these funders. Do flooke all and take all the photo ops.

Do the maths. £70m divided by 10 yeas is 7. Allow for inflation and underspend and that comes down to £5m perhaps (mostly for consultants in the first two years). That makes £1m each town who actually pay around £5m tax plus vat (on fags drink and masonic subscriptions). Yep you had a photo call for, lets be generous, minus £3m for each town. Not bad. LYING BARSTEWARDs etc but its great for people to come and live here etc what with the bootifull beach n all that! It RAMPING a place that came second on the polok on a plinth award see below http://news.bbc.co.uk/1/hi/scotland/4362410.stm

Any help for Scottish folk


Wilsons property auction
18.03.08

Lot 1. Offers over 31k sold for 31k (1 bed flat. Largs)
Lot 2. Offers over 55k sold for 53.5k ( 2 bed end terraced. Bonhill)
Lot 3. Offers over 89k sold for 101.5k ( 2 bed flat Garnethill)
Lot 4. Offers over 68k Not Sold. Last bid 64.5k (One bed flat. West end glasgow)
Lot 5. Offers over 49k sold for 46k (1 bed flat. tollcross)
Lot 6. Offers Over 72k sold for 69.5k (3 bed upper flat. Knightswood)
Lot 7. Offers over 62k sold for 60.5k (1 bed flat. Alexandria)
Lot 8. Sold prior auction
Lot 9. Sold prior auction
Lot 10. Offers over 63k sold for 61.5k (1 bed flat. Glasgow)
Lot 11. Offers over 63k Not sold. Last bid 61k (1 bed flat. Springboig)
Lot 12. Sold prior auction
Lot 13. Sold prior auction
Lot 14. Offers over 30k Not sold. Last bid 24k (3 bed flat. Glenrothes)
Lot 15. Offers over 58k sold for 56.5k (2 bed flat. Glasgow)
Lot 15b. Offers over 62k Not sold. Last bid 59.5k (2 bed flat. Glasgow)
Lot 16c. Offers over 57k sold for 56k (2 bed flat. Glasgow)
Lot 16. Offers over 48k sold for 45.5k (2 bed upper flat. Carntyne)
Lot 17. Offers over 109k sold for 111k (2 bed flat previously sold for 196k prior to repo. City center)
Lot 18. Sold prior auction
Lot 19. Offers over 70k sold for 71k (4/5 bed end terraced house. Ibrox)
Lot 19b. Offers over 65k Not sold. last bid 56.5k (Newsagents. Newmilns)
Lot 20. Offers over 44k sold for 41.5k (Shop unit. West end glasgow)
Lot 21. Offers over 135k Not sold. Last bid 122.5k (Smugglers bar. Scotstoun)
Lot 22. Offers over 54k sold for 51.5k (2 bed lower flat. Carntyne)
Lot 23. Offers over 79k sold for 80.5k (3 bed corner flat. Crosshill)
Lot 24. Offers over 45k Not Sold. Last bid 39k (Corner shop unit. Linthouse)
Lot 25. Offers over 48k sold for 45k ( 2 bed flat. Milton, glasgow)
Lot 26. Offers over 65k Not sold. Last bid 61k ( 2 bed flat. beith)
Lot 27. Offers over 130kNot sold. Last bid 132.5k (2 bed sandstone flat. Shawlands)
Lot 28. Offers over 57k Not sold. Last bid 56k (2 bed flat. Paisley)
Lot 29. Offers over 36k sold for 33.5k (3 bed flat. Cumbernauld)
Lot 30. Offers over 38k Not sold. Last bid 41.5k (1 bed flat. Largs)


I was present for the next 12 properties where 3 never sold and around 20 further properties left to go under the hammer where i decided to go due to being bored!

Thanks Mole they all seem to have went for less than had they been sold by a EA. good work and thanks for reporting back! for your next assignment track down the 100% guareenteed cagnoa or what ever his name is and buy him a pint from me. lol big hug x

http://www.wilsonsauctions.com/property_scotland.asp

Hi all,

This site has been invaluable in trying to persuade the wife to hold off on buying in Ayr just at the minute...am just wondering though is there any sites available that can advise on areas to avoid?

I was looking at a place today in Irvine and rang the police hoping to get an idea of the area (I'm Irish so a bit new to Scotland) but they cannot officially give an idea of what its like...

If anyone has any tips I would be most grateful...

What street/area was the house in Irvine you were looking at?

Let me know and I'll give you an honest opinion! I live in Ayrshire, and have worked in most Ayrshire towns, including Irvine, and can tell you the areas to avoid.

Personally, I wouldn't buy ANYTHING in Ayrshire at the moment - vastly overpriced based on local earnings. I am already seeing reductions of 10% plus in the town I stay in, and these reductions will increase once the masses can't re-mortgage.

Loads of rental property in Ayrshire at the moment - and rental prices are being reduced in some instances due to an oversupply of flats.

Cheers for that, its the Castle Park area...looking for fp 105k so its not the ridiculous amounts seen elsewhere, more just worried about the area than the price at the minute!!! I know some of the area is rough but where we live just now is Beirut in comparison!!

What street? Sophia Crescent or Shiel Place?
Some really bad streets in this area, but all relative, depends where you are at the moment! Have a drive round this area on a Saturday night and you'll see what I mean! - not worth £105K. Unlikely to sell at this price. Give it a couple of months and it will be under £100K.

Seriously, I would rent for 6 months and watch the prices fall.

Sophia Crescent...but as I say I live in Maryhill just now!!!!

I think an offer under 100k will be enough. Any more and they can sing for it..need to move pretty soon. Just got married and I think my wife may freak if she spends 6 more days there!!

I definately would not recommend Sophia Crescent - in my opinion nothing could be worse. Please post the link and I will be able to work out where in Sophia. In addition Sophia is not in Castlepark it is in the Redburn area.

Is it one of the Maisonettes which are due for demolition in the next yearor 2? Meanwhile junkies are being housed there. No local decent person would entertain this area.

If not then you will be living in the midst of a building site for a few years, however that may improve the area longterm.

Why Irvine, where do you work?

There are nicer areas in Kilwinning, whats your budget?

Hi Lucy

Here's the link..any advice welcome...

http://www.propertyfinder.com/cgi-bin/rsea...mp;id=502873284

Hi Lucy

Here's the link..any advice welcome...

Sophia Cres

As Lucy says, think carefully before you buy here!

As I said in my previous post, rent for a few months before buying. Plenty of flats to rent in GOOD parts of Ayrshire for £400 - £500 a month.

These houses in Sophia Cres were selling for a LOT less last year - check nethouseprices.co.uk. The owners probably paid about 20K for it on the "right to buy scheme" and are cashing in at the top of the market and moving to a nicer part of town. Prices WILL drop in Ayrshire. I am already seeing reductions of up to 20% in areas much nicer than Castle Park etc!

The credit crunch will limit lending and house prices are falling - don't end up buying a house, finding you don't like the area, then finding you are in negative equity.

I know Maryhill is pretty crap, but you could end up with some bad neigbours in this part of Irvine. I don't want to offend anybody from Irvine, but it does have more than its fair share of junkies and dole scum!

As I said in my previous post, have a drive around Irvine on a Fri/Sat night when the weather is reasonable (wet weather tends to keep them at home!), and witness the Buckfast drinking neds in action. Venture further into Castle Park at your own risk!

Good Luck
LWD

Cheers for all the advice,

We pulled out of the purchase today, in the end the seller was unwilling to even negotiate below 100k despite irrefutable evidence that she is cloud cuckoo land if she thinks she's getting that amount!

So we're back to the drawing board, renting is an option but with a young family we are really looking to put down roots and actually settle, we have looked at Bourtree Hill and Girdle Toll as options but to be honest these houses and the way the estates are laid out absolutely freak me out!!

If anyone has any recommendations for Ayrshire (with a daily commute to Glasgow!) I would welcome them all...

Thanks again to LWD & Lucy.

Hi Tyler, for god sake dont buy anything down here at the moment, prices are falling really fast some as much as 20% since christmas. RENT!!!!!! there are lots of decent properties up for rent and consider the towns of ardrossan saltcoats seamill and wesk kilbride as with the new by pass and the back dalry road to glasgow it would only ad about 5 mind drive time to glasgow. From irvine its about 35 mins from any of the towns i listed above about 40 with the new routes. Dont buy here or anywhwere in scotland at the moment certainly not till after the summer its financial suicide!!! RENT if only to explore the area for 6months.
good luck .

You dont want to commute from Irvine to Glasgow by Train.

Yes its a fast train service however you cannot get parked at the station, its a nightmare.

My suggestion would be to opt for Whitehirst Park in Kilwinning.

All Private area and well maintained. You can pick up a nice 2 bedroom house here.

I will have a check and let you know of any that are worthwhile.

In addition you can walk to the station and if you have or are thinking of kids it has an excellent school.

Tyler

http://www.rightmove.co.uk/viewdetails-183...=1&tr_t=buy





How about this, excellent area?