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Diver Dan

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Posts posted by Diver Dan

  1. Aberdeen ranked in top three for highest rent in Scotland - Evening Express

    Renting a one-bedroom flat in the North-east is cheaper than it was in 2010 – but bigger properties have got pricier.

    New Scottish Government figures show a one-bedroom property in Aberdeen or Aberdeenshire costs £501 on average, compared with £529 in 2010.

    Over the same time period, the average monthly rental of a two-bedroom price has risen from £643 to £682 and renting three-bedroom property rose from £744 to £866 on average.

    The figures show the area is the third most expensive place to rent property in Scotland after Lothian and Glasgow.

    Dumfries and Galloway is the cheapest.

  2. 6 hours ago, Ah-so said:

    That gives me a business idea - the BTL grave - those who can't afford their own hole in the ground can rent one from a grave owner while they save up for a hole of their own. 

    From what I hear, the newly dead these days all want the best holes as soon as they are dead and are not prepared to save up, and waste their money on nice coffins and gravestones. 

    I started out with a jam-jar of ashes on somebody's shelf and worked my way up to a state funeral and a prime spot in the crypt of Westminster Abbey. Young stiffs just aren't prepared to put the work in these days.

  3. I agree lot of people don't seem to have realised how the market Is set up right now.

    Here's an anecdote about somebody who has caught a falling knife:

    A while back I posted about an acquaintance who sold his house in Ferryhill for £250,000. I happened to be walking past yesterday and saw that it is currently up for an monthly asking rent of £1095.

    A few years ago a centrally located house with lots of bedrooms would have been a sure thing for a BTL getting in an ex-pat family or whatever, but the signs in the window looked a bit faded which makes me think it's lain (at least mostly) empty since April.

    Even if they were to get someone in paying full asking rent for 6 months, it's a 2% gross yield on the year.

  4. 15 minutes ago, shortbread said:

    Looks like ASPC has done a late year tidy-up + a few properties taken off the market! Might pip 5500 once again in January perhaps.

    Has taking an unattractive* property off the market for a few months before putting it back on again in time for the 'Spring bounce' ever actually worked? Other than bumping it up the rankings on the website when listing by date added, I can't see any benefit that would outweigh a more aggressive marketing strategy including a more honest appraisal of its potential sale price.

    *If it hasn't sold in a reasonable amount of time, there must be something unattractive about its price, location, condition etc.

  5. On 13/10/2017 at 1:29 PM, Diver Dan said:

    303 Sales in August in Aberdeen according to Rightmove

    5563 Properties to buy on ASPC and 814 to rent.

    1127 listings on Citylets

    ASPC'S Q3 report should be out soon.

    316 Sales on Rightmove for September in Aberdeen on Rightmove Aberdeen

    5431 for sale on ASPC and 808 for rent.

    Citylets sitting at 1196.

    Does anybody care that I continue these monthly snapshots? I think they're quite useful but they rarely seem to merit any comment.

  6. 5 hours ago, ABZ_RVK said:

    I have about a dozen properties in my ASPC wishlist which are on the market for a long while and hardly anyone of them has reduced price. Are they hoping that by holding the price they will find a buyer someday? or that Market is going to improve anytime in near future? 

    Couple of them are on the market from 2016 and still not a single penny reduced from the asking price? 

    It could be the houses youre interested in. At the "vin ordinaire" and of the market, things are a bit different:

    My wishlist and saved searches send me emails practically every day with news of fresh reductions. In fairness, there have also been a few sales recently too and when I check on Registers of Scotland the sold price is usually £5-15k lower than the most recent advertised price.

  7. 34 minutes ago, Bruce Banner said:

    As I've learned, irony doesn't work on forums.......... or are you being serious?

    It's proven to be a viable business model so far. I'm not surprised that the many negative consequences are only now coming to the attention of the ptb.

    You could say that over-indebted BTLs are like fattened pigs and that market day is fast approaching. 

  8. 38 minutes ago, Bruce Banner said:

    Define "lots".

    It used to be the case that many, most even, landlords owned outright, but the advent of "buy to let" changed all that. The fungi of this world are lucky to own their shirts!

    Exactly. Why would you own just one flat outright, when for the same stake you could buy a percentage share in lots of flats and get tax relief on the bits that you don't own?

  9. On 11/09/2017 at 1:35 PM, Diver Dan said:

    July's results are out:

    369 sales in July in Aberdeen

    Listings for places to buy and rent continue to increase but still a lot of people paying over the odds.

    303 Sales in August in Aberdeen according to Rightmove

    5563 Properties to buy on ASPC and 814 to rent.

    1127 listings on Citylets

    ASPC'S Q3 report should be out soon.

  10. I posted this quote from a facebook acquaintance on a thread about the petition against Help To Buy but it does fit quiet well here too because it is quite annoying.

    Why don't you buy a house and stop complaining about the housing market and everything to do with it. Your the only person i know without a house that knows so much about buying and owning a house. You know more about it than some people who own a house.

  11. Why don't you buy a house and stop complaining about the housing market and everything to do with it. Your the only person i know without a house that knows so much about buying and owning a house. You know more about it than some people who own a house.

    What one  (London based renter) Facebook correspondent wrote when I shared it there.

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