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House Price Crash Forum


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Everything posted by shortbread

  1. HM Land Registry: House Price Index Scotland, MARCH & APRIL' 21 DUNDEE OVERTAKES A SLIDING ABERDEEN, March (-0.6%) & April (-0.5%) ! AVERAGE PRICES Aberdeen MARCH APRIL 2019 149,848 152,065 2020 141,192 138,943 2021 140,357 138,303 For the first time ever Dundee (£140k) records higher average house prices than Aberdeen (£138k) in the official April 2021 HPI report, after the granite city sees recurring months of declining prices again. Aberdeenshire on the other hand continues to grow as part of the recent UK
  2. Hopefully it is a wake up call for Aberdeen and the powers that be! They've been kicking the can down the road for long with the only real alternative provided has been shipping wind mills all over the world. Need to wake up smell the coffee and look to diversify the economy.
  3. UK ministers consider ban on new North Sea exploration https://www.energyvoice.com/oilandgas/north-sea/306973/new-north-sea-exploration-ban/ Surely they won't..... Or is this Westminster's way of saying, Good luck Independent Scotland. Cause if that is the idea, rest assured Aberdeen is voting for independence!
  4. Aye, if one really squints in bright Aberdonian sunshine!
  5. QE is neverending and the govt. will keep piling on more debt. Asset bubbles get inflated, Inflation volcano can erupt anytime, tax rises coming soon, interest rates might climb, wages stagnate.... So in all this madness what would be the smartest financial plan for an average salaried hard working Joe? Would be interested in hearing genuine suggestions. PS: Leaving the country, making more babies and suicide are'nt options.
  6. Some positive news..... City of Aberdeen has seen the greatest improvement in home affordability. The city of Aberdeen has seen the greatest improvement in affordability. This is predominantly due to the 28% fall in average prices over the period, though incomes have also risen by 7%. https://www.eveningexpress.co.uk/news/scotland/most-and-least-affordable-areas-for-first-time-buyers-in-britain-revealed/
  7. The local rags, EE or P&J rarely comment on the official HM Land Registry monthly house price indexes. Usually they prefer to highlight the 'happier' numbers that ASPC conjures up on a quarterly basis. Somehow this seems to bypassed the chief editors desk and made final print! Albeit ASPC's John MacRae is quite optimistic as he's been seeing encouraging signs! https://www.eveningexpress.co.uk/fp/news/local/figures-show-drop-in-aberdeen-house-prices-while-other-north-east-areas-rise/
  8. Aberdeen fall continues Aberdeen becomes the only city to record a fall in the current buoyant market at -2.1%, in the last month of 2020. Scotland on the other hand saw a 8.1% jump in prices over the calendar year. Aberdeen city average price Dec'18: £152,090 Dec'19: £145,717 Dec'20: £142,631 Volumes Volumes saw a big jump across Scotland https://www.gov.uk/government/statistics/uk-house-price-index-scotland-december-2020/uk-house-price-index-scotland-december-2020
  9. Whether one likes them or not, this was a political masterstroke by the SNP. The rival parties had no options but to oblige! Accept the handout Holyrood gives them and freeze council tax, let SNP take the brownie points from the public OR decline, hike council tax and let SNP point fingers! https://www.pressandjournal.co.uk/fp/news/aberdeenshire/2893696/aberdeenshire-council-agrees-to-freeze-council-tax-to-help-residents-after-incredibly-difficult-year/
  10. The cost of this mess will be borne by the taxpayer, no doubt. The only question remaining is who will be to blame, banks for chasing the debt or the govt. for spraying money! https://www.ft.com/content/ca1c77e1-acc6-4500-b75a-4c0d16870312
  11. It's just a small percentile that has retained the money within the borders, let alone genuinely used to save jobs. Most of it has been transferred abroad.
  12. Unlike ASPC/Evening express combo; Stewart Milne claim 'the long-term collapse in the housing market around Aberdeen in the wake of the oil price crash'. But what would Stewart Milne know?! https://www.housingtoday.co.uk/news/stewart-milne-falls-to-48m-loss/5110202.article
  13. Have you even been reading any of the local press lately? You are so wrong. All I have to tell you is.......Aberdeen bounce back, green shoots of recovery, decommissioning, renewables, wind power, buoyant...yada...yada....yada
  14. https://www.bbc.co.uk/news/uk-scotland-55809335
  15. @babo456 If you haven't checked already, compare council tax with your neighbours and see if you can make a claim for reduction. https://www.thesun.co.uk/money/13817895/martin-lewis-council-tax-refund/
  16. Also when they talk about increased uptake.... firms moving into their new premises leave behind empty addresses! In most cases Companies are downsizing, accelerated by current market conditions, wfh etc... For eg. When they talk about BP moving into a new building, they leave behind an empty commercial property that's more than twice the size!
  17. HM Land Registry: House Price Index Scotland, November 2020 Aberdeen decline continues, Aberdeenshire reverses fall Aberdeen falls -3.4% in November, while Aberdeenshire reverses the decline to show a growth of 2%. Overall there is a big growth in Scotland prices, which showed an average growth of 8.6% in November. Aberdeen was the only Scottish local authority to show a decline in prices during the recent property boom. Aberdeen city average price Nov'18: £154,776 Nov'19: £145,606 Nov'20: £140,629 Sales volumes Noticeable jump in volumes
  18. Looks like Weatherford are about to close their Dyce and Kirkhill operations. They have not given any confirmed layoff numbers, but don't think it will be big as operations were already scaled down in the recent years. https://www.energyvoice.com/oilandgas/north-sea/292612/weatherford-close-aberdeen-facilities/
  19. Apart from the NHS, I cannot think of any other organisation in Scotland (let alone Aberdeen) that can make use of the 210,000sq ft building that BP will move out of, especially in the current climate. Green credentials or not, that is a huge piece of real estate in a massively over supplied market. https://www.energyvoice.com/oilandgas/north-sea/291961/bp-headquarters-green-makeover/
  20. Lol......you think the banks will pass on the benefit? The banks have upped the rates over the past few months in preparation, using the current mortgage demand as an excuse. Average mortgage rates have seen a 0.4-1% jump in the recent months. Once BoE announces their move, expect high street lenders to show some sort of symbolic reduction. BoE isn't doing this to benefit the public.
  21. I think the interest rates will be lowered to 0% initially, probably the first quarter. Then before the end of the year it will move into negative territory. Debt, debt....and more debt, welcome to QE hyperdrive. https://www.theguardian.com/business/2021/jan/11/cut-uk-interest-rate-below-zero-to-aid-growth-bank-england-policymaker
  22. Thanks Ignorantbilss, It's a nicely done video tbh.... Albeit anyone visiting the city centre stares at this... This is not just an Aberdeen only phenomenon, high streets in most tier 2 cities in the UK are dying a slow death. The council needs to do more than release glitzy videos (would like to see the expenses tab on that!). Could start with revisiting Aberdeen's exorbitant business rates.
  23. Not surprising anymore.......this will be written off! https://www.accountancytoday.co.uk/2020/12/16/parliamentary-committee-criticises-bounce-back-loan-scheme/
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