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House Price Crash Forum

Diver Dan

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Everything posted by Diver Dan

  1. Currently 5980 on ASPC for sale and 612 to rent. 1056 places available on Citylets.
  2. The ASPC Q3 report is out today as well. https://www.aspc.co.uk/information/house-prices/ Prices and volumes seem to be within a margin of error or last years' too. Obviously Q2 was pretty slack but Q3 still isn't anything out of the ordinary imo despite the talk of pent up demand.
  3. Citylets Q3 report is out today. https://www.citylets.co.uk/research/reports/property-rental-report-scotland-2020-q3/ Looks like very little change to be honest. Dundee probably won't be catching up with Aberdeen any time soon though.
  4. There's probably a market for places with that sort of communal living experience if you're a recently graduated workaholic social-butterfly. It's probably not so much fun when you get a bit older looking for something bigger and that's all your budget will allow.
  5. That sounds like code for "We're planning to take in waifs and strays from all over and house them in our shiny new nanoflats at taxpayers' expense."
  6. ASPC Q2 2020 Report As expected volumes are down over 60%.
  7. Citylets Q2 2020 report has come out. Seems to be showing a continuation of the decline in rental price that we've already seen rather than a massive cliff fall drop, but who knows what the Q3 report will look like. Parity with Dundee coming soon?
  8. I was driving along the Mugiemoss Road yesterday because the Auchmill Road is closed on one side and noticed the hoardings around the building site saying that the development had received some prestigious award for the design of the place. Are they insane? They have front doors opening directly onto a congested rat-run with very little in the way of shared green public space and residents' cars parked seemingly on every footpath. That's not what I would consider to be good design.
  9. I've seen Property Bee histories and my ASPC watchlist show the same house flipping between 'fixed price' and 'offers over' with the occasional price drop or rise by 5% a dozen times in the space of several months before being withdrawn without a sale. It must drive estate agents mad and it probably turns many buyers away who would be happy to exchange on that house at a more reasonable price with a more reasonable seller. I think some people must get off on the feeling of having pictures of their home on the internet and have absolutely no intention of actually selling it, bloody perverts!
  10. It could be a case of "last man standing" and that Aberdeen has a fairly wide hinterland providing customers from a long distance from the city but who don't want to go all the way to Glasgow or Edinburgh to buy their LeCreuset saucepans and mustard coloured corduroys.
  11. They're turning city centre offices into flats, the Custom House building on Guild Street for example. Pre-lockdown, I visited a few markets in Yorkshire (Leeds and Halifax) where quirky hipster artisan stalls rubbed shoulders quite well with the more traditional type. Aberdeen's indoor market could have been something like that if the council and landlord had been blessed with a little more imagination.
  12. The current market is a horrible building indeed but it's probably not worth holding out much hope for the small, interesting local businesses that had space there to get anything similar in the new building, instead there will be wall to wall upscale designer shops selling the same upscale designer carp you could have bought in any upscale designer shopping mall pretty much anywhere else on the planet.
  13. Basically what they paid for it in 2011 then?
  14. I don't think anyone can honestly say what prices will do, it depends on both the buyer and the seller. Nice places with flexible sellers might sell like hot-cakes and anything less than 100% owned by a delusional kite-flyer might stick around for months and years at ridiculous prices. Traditional, well located flats in decent condition will usually be a good place to start looking.
  15. I hate that they kept the floor area in gradations of 25m3. There's a hell of a difference between a 51m3 flat and a 74m3 one.
  16. Citylets Q1 2020 Report is out this week. https://www.citylets.co.uk/research/reports/property-rental-report-scotland-2020-q1/ Slight continued declines in most areas and categories in Aberdeen but, like ASPC, nothing too catastrophic yet. Citylets at 1305 for rent. ASPC at 582 for rent and 5369 for sale
  17. There's another office building on Wellington Circle getting demolished now as well.
  18. I remember a few years ago there was a BBC Radio 5 Live presenter (Victoria Derbyshire?) of a phone-in programme who described a caller as 'vile' for even suggesting that lower house prices might be a good thing in some ways.
  19. https://www.eveningexpress.co.uk/fp/news/local/aberdeen-building-set-to-be-demolished/ An office building on the Altens Farm Road next to the roundabout at Hareness Road is going to be demolished. This comes a few months after the former GE building in the Bridge of Don was tumbled for a.similar reason.
  20. I don't pay too much heed of the numbers on the ASPC site anymore, they have been known to rationalise them periodically causing hundreds to disappear overnight without actually being sold.
  21. Latest ASPC stats from Q1 2020: https://www.aspc.co.uk/information/house-prices/ Corona was really only on people's minds from about early to mid-March so sale prices and quantities haven't declined that much really. Q2 onwards will probably be a bit of a bloodbath, unless the blurb about pent-up demand is to be believed. ASPC site at 5429 for sale and 567 for rent. Citylets is at 1299 for rent.
  22. It will be interesting to check the Registers of Scotland in a few weeks' time to find out what it actually went for. I wonder how many Ming vases and crystal chandeliers they had to include in the price to get the thing shifted.
  23. The 2019 Q4 Citylets Report is out today. https://www.citylets.co.uk/research/reports/property-rental-report-scotland-2019-q4/ Aberdeen is on average down 1% in the last year 26.2% in the last 5 years and 17.4% in the last 10 years compared with increases of 3.5% 9% and 26.7% on average in the rest of Scotland. Void periods in Aberdeen are longer than elsewhere in Scotland with 7% let within a week and 36% within a month, compared with 19% and 64% on average elsewhere. Despite this, the agents quoted seem very bullish about the Aberdeen rental market, describing themselves as "exceptionally busy" with a "noticeable improvement even in Aberdeen after a few challenging years". Personally, I believe that Aberdeen's best chance, economically, is to be a good value for money place to live, work and do business; cheaper rents on housing and business premises are vital to achieving this.
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