Sunday, Aug 08, 2010
And apparently it's good for the economy as well
The Herald: Rising property sales and prices are good news for homeowners
Lies, damned lies and statistics is the epithet that best sums up the average mortal’s response to a news item based on several sheets crammed with columns of figures. However, the latest official statistics from the Registers of Scotland (RoS) tell the story exactly how it is. That is because, while other house price reports cover only properties included in the mortgage market, these figures cover every home in Scotland valued between £20,000 and £1m to find a buyer in the past 12 months. For homeowners, these figures should kindle cautious optimism ... The Scottish economy needs the trajectory of those RoS figures to continue tracking upwards because, for better or for worse, it isn’t only an Englishman’s house that is his castle.
Posted by quiet guy @ 03:00 PM (751 views) Add Comment
4 Comments
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1. cynicalsoothsayer said...
Yeah yeah... The estate agent told us last week that house prices are heading down when they came round to take pictures of the flat we are selling in Edinburgh. The Registers of Scotland official statistics must be a lagging indicator.
2. montesquieu said...
I used to work for it, but the Herald lost its way years ago. It's read by 3 1/2 retired people and a dog in Newton Mearns these days.
It used to sell twice as many as The Scotsman (which has its own problems) but has declined to the point of total irrelevance in Scottish society these days.
I'm sure the daily wail sells twice to three times what the herald does in Scotland these days.
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