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toreveal

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About toreveal

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  1. toreveal

    Edinbugh Latest

    If you trust the seller, you could ask them to arrange the investigation. I wouldn't. I would offer a bit below the Stamp Duty threshold and say it's subject to investigation (and drop your price if/when the investigation uncovers problems that will need financing). Really if it's been sitting there since October .... A stamp duty threshold is not really so significant in Scotland as it's only the money over that threshold that incurs the higher rate.
  2. toreveal

    Edinbugh Latest

    Yes, I'd be cautious, especially of the second item I'd make your offer subject to investigation of the water ingress and if you're the top bidder, would hire someone to do proper investigation of that concern before you finalise the purchase.
  3. toreveal

    Edinbugh Latest

    And espc up to 2173 now. But prices not dropping yet unfortunately!
  4. But Dublin is where all the jobs are. Have a go at finding yourself a place to rent in Dublin city/suburbs. It's far more expensive than London.
  5. Hmm, not sure I'd call Scotland booming. The past year was very good for sellers, but here in Edinburgh things are slowing down, lot of properties selling without a closed-bids date (ie, by direct negotiation, without a lot of buyers competing) and the number for sale on espc is now 2100 or so, more than 200 over what was there in spring. I've heard similar about Glasgow (even earlier in the summer). Usually the lead-up to a referendum dampens the house prices, certainly that was the case in 2014. I do think there's a decent chance the independence would pass if there was another vote, as many people would prefer EU-not-UK to UK-not-EU.
  6. toreveal

    Edinbugh Latest

    Hmmmm .... I know loads of people buying last few months, work colleagues, friends outside, none for AirBnb. There are more properties on the market and it is making things easier for buyers, less flats are going to closed bids etc. epsc now has 2049 for sale and that number has been increasing consistently over the last 4-5months.
  7. It is interesting he says this at a time when the heat is coming out of the Edinburgh market, no not falling yet, but more flats selling via direct negotiation rather than having closing dates It is true the Edinburgh market tends to be more stable than UK overall.
  8. toreveal

    Edinbugh Latest

    That might be true ... but all the same there are *many many* flats and rooms still available in a "hot" central area, for a long weekend in the festival period. That's oversupply even if I don't have the ratio calculated.
  9. toreveal

    Edinbugh Latest

    Have just done a viewing myself today, not a "prime" area but a good one a little bit from the centre (think Roseburn, Trinity, Willowbrae). Around 250000 asking. Anyway it's been on for 3 weeks with no notes of interest. Market is *definitely* slowing (like I mentioned I have two friends who succeeded recently in making direct-offers without a closing-date). Am thinking of making an offer in fact, just wonder would the Brexit worries help me further over the months ahead. Regarding ccc and his AirBnb comments, if I do a search of my current area (prime area very close to centre) for the weekend after next, there are many many options available for those dates - both rooms and full flats. That's in *August*. Definitely an oversupply.
  10. toreveal

    Edinbugh Latest

    Hometrack has been updated for this month and the 1month and 3month growths for Edinburgh are mildly negative. Imagine it is mostly an effect from the more-expensive properties but still nice to see: https://www.hometrack.com/uk/insight/uk-cities-house-price-index/
  11. toreveal

    Edinbugh Latest

    We should all have bought 10years ago! All the same my anecdotal evidence is that things are cooling down now, at least in the range of 300000+ say. I have two friends who have had offers accepted on flats in this bracket, offers just a bit over valuation. And in very strong (traditional) areas near the centre too. In each case they made the bid directly to the vendor rather than going to closing date. But there can't have been all that much interest if the vendor was willing to go that route. Things still seem to be quite competitive for cheaper properties though.
  12. toreveal

    Edinbugh Latest

    Numbers for sale on espc are now up around 1900, which is typical for spring/summer. This is a decent increase from the situation a few months back, where there was a real shortage of supply.
  13. toreveal

    Edinbugh Latest

    My current one even lower, £725 pm and it will be worth 260000-270000 at the very least. 3.3% gross per annum! However the landlord has owned it for many years and will have bought it quite cheap.
  14. toreveal

    Edinbugh Latest

    Edinburgh has been like that for a long long time though. If you go back 10years or so, house prices were cheaper, but so were rents - I was paying 500-575 for years for a flat that was worth 160000-200000 between 2006-2012. A lot of people like "having a flat in Edinburgh" and hang onto it when they move away.
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