Friday, Feb 13, 2009
Cash Rich Aberdeen Suffers
Press and Journal: North East House Sales Dire !!!!
Even cash rich oil capital Aberdeen and the north east of scotland is stating to feel the efects of the downturn .Who said it would never happen here ??
Posted by johnnyp @ 11:38 AM (312 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Johnnyp said...
Scotland was not going to effected so bad as the rest of the country many people have said,now with the oil industry away to feel the full effects of the credit crunch and the dropping of the price of oil it looks as if Aberdeen and the north east shall be hit just as bad as the rest of the country,so many people live outwith their means because they work in the oil industry and think it will never come to an end,big house ,must have big black 4by4 all the usual crap and then hey presto it all ends, will not be as bad as the 70s when the yanks left in their droves and handed their keys of the house back to the bank but the way things have been of late you never know!!
2. will said...
A soicitor who doesn't know which way to ramp the market. Like a rabbitt in a car's headlights, he is going to get squished.
3. Highland Property Bubble said...
The real story in the North East is the oil price sitting below $40 per barrel which is less than the cost of extraction for much of the oil in the North Sea. This is a national emergency in economic terms.