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Eglintine McShoogle

Scottish Borders

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Finally, finally, started to see some lowering of house prices down here. Not those newly posted - still looking for summer 2007 prices - but those on for a good while (up to a year) are starting to come down ;) Wonder what will happen in a few months time when it finally dawns that UK plc is up shit creek creditwise?

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Finally, finally, started to see some lowering of house prices down here. Not those newly posted - still looking for summer 2007 prices - but those on for a good while (up to a year) are starting to come down ;) Wonder what will happen in a few months time when it finally dawns that UK plc is up shit creek creditwise?

Just out of interest, what sort of % off peak are you seeing?

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Just out of interest, what sort of % off peak are you seeing?

It's patchy. But I presume that this is the case nationwide?

Your sellers of traditional 4 bed detached from yesteryear, with decent sized rooms and a good garden are still looking for (at least) that elusive 2007 peak price. I'm assuming that this this is a combination of denial (that the house is worth as much as it was in 2007) and hope, that the usual suspects - lawyers, accountants, financial types - commuting up to Edinburgh will keep prices rising as they've done in the past. They're not selling them. Properties are staying on the market for ages. I'm watching a few having STR in late 2008 - only lost 10% on summer 2007 peak purchase. They'll have to drop a fair bit yet before I'm ready to bite.

However, to get an idea what's happening, get Firefox, install Property Bee add-ons and have a look at RightMove and ESPC. Unfortunately PB doesn't seem to play with the BSPC, which would be v interesting to watch.

Newer builds seem to be reflecting the HPC now. 3/4 beds in new build estates in Lauder for around £200K. 5 bed Cala down from £480K to £380K.

This sort of thing was almost unknown 6 months ago.

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