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Daveyk

I Bet Hamish Mctavish Has Messed His Pants Tonight

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City house prices 'show recovery'

Aberdeen's housing market is showing signs of recovery, according to new figures.

The average property price for the second quarter of the year was £196,088, compared to £181,587 between January and March.

John MacRae, chairman of the Aberdeen Solicitors' Property Centre (ASPC), said: "The increase is encouraging."

However he sounded a note of caution, claiming that the second quarter was traditionally the most active.

He added: "Nevertheless, the statistics show a better picture than the first quarter of 2009 and the last quarter of 2008 so cautious optimism is perhaps justified."

http://news.bbc.co.uk/1/hi/scotland/north_east/8153679.stm

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i just bought in aberdeenshire (cottage built in 1900s no newbuild cr4p) still keep looking on aspc as its habbit now and there is a definitly a shortage of affordable houses. one just came on today 2 bed semi in desirable suburb garage and conservatory offers over 178k. thats madness. but this notion that aberdeen is recovering is mad, it was the last place in scotland with edinburgh that prices had even stopped rising. now with a 3 month lull its all of a sudden on the way up again...

however oil price not credit suppy IS the one thing that drives the aberden market. the period of $40 oil had aberdeen worried and many of my friends were laid off. many have since been rehired. $50-$60 is sustainable for aberdeen though not desirable. anything above is a bonus. not to mention most (and im generalising here) owners here have been through an oil crisis and previous crash in house prices and have most of the very desirable houses well paid off. usually onto buy to let which rediculous as it sound when bought anything before 2006 in aberdeen the mortgage REPAYED is covered by the rent... for example in 2006 a 2 bed semi in very very well off area was 100-110k. the rent on that now is 800-850. 4 bed detached house in a desirable area in 2004 was 140k. priced now 280k-340k rent 1300-1600.

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Funny enough my friend went for an interview at the university for lectureship this week and walked away thinking thanks, but no thanks.

Doesn't fancy living in the boonies and being several hours from civilisation.

He is from LA, loves living in the UK but doesn't fancy living in the UK's answer to the mid-west.

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