Tuesday, Aug 24, 2010
Going down...
Scotsman: Housing market revival grinds to a halt
A REVIVAL in the Scottish housing market has ground to a halt according to new figures released today, fuelling fears that Scotland could be sliding back into recession.
The quarterly Lloyds TSB Scottish House Price Monitor shows that the average house dropped in price by almost 3 per cent in the three months to 31 July.
Posted by little professor @ 12:30 AM (791 views) Add Comment
8 Comments
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1. Uggs said...
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2. phdinbubbles said...
Linky
'Bob Collier, chief executive of the Aberdeen and Grampian Chamber of Commerce, said demand for property in the city was still high, despite the recession. He added: "There has been negligible building of new homes in the city, so property is still at a premium. In general, the economy of the city has held its own and is faring slightly better than the rest of the country." '
Why not go the whole hog and have a job creation scheme for people to knock down a few houses.
3. paul said...
Those funny scots! "A wee dram'na shot'ay skag!"
4. yorkshireman said...
The Chamber of Commerce, above all people, should realise that the housing market no longer represents or relates to the economy. The only way that the economy can 'hold its own' is to manufacture goods which we can sell and ideally export.
5. tyrellcorporation said...
'Why not go the whole hog and have a job creation scheme for people to knock down a few houses'
I'm sure Bob Collier, chief executive of the Aberdeen and Grampian Chamber of Commerce has already thought of that. He's probably organising a 'sustainable consultation forum initiative' who's remit would be to rid the city of low cost blighted districts and create lovely open green areas where people can shoot-up amongst the flower beds and coke cans. This will undoubtedly push prices higher in his gated development.
6. str 2007 said...
3 percent fall over 3 of the busiest months sounds like a promising start.
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