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curious1

It's Cold Up North

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You've got to feel for those poor EA's, turnover down by 60% in a year. That's true in England and Wales too I believe.

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Got to love map B!

http://www.ros.gov.uk/pdfs/2009_05_statsrelease.pdf

To the mods, shouldn't this register be on the frontpage?

I'm going to sound like Hamish here, but.....

There's little evidence of price erosion in the Dundee area. Is it possible that buyers are just aiming lower on the ladder, being forced to buy cheaper because the silly lines of credit just aren't there anymore, leading to lower price averages?

A lot of property seem's to be sticking (at o/o then fixed price) to EA's windows though, so it is likely that there is a back-pressure growing on those sellers that are being forced to sell. Could this result in a massive drop in the near future?

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Hmm, what makes Falkirk so immune in Map A???

The sales volume was down 60%. Only 332 houses were sold in the first 3 months of the year. It's not immune, it's just resting.

Edit. That's interesting. Table 1 says that the average price of a property in Falkirk rose by 0.1% year-on-year. Later tables tell us that the price of detached houses (88 sold) fell by 8.1%, semi-detached (76) by 12.6%, and terraced houses (71) by 1.8%, while flats (97) rose by 0.5%. That works out at an overall fall of 0.6%, which is slightly different from the 0.1% rise that they mention elsewhere. The number of properties adds up correctly, but the total (price) volume given in table 1 is about 6% higher than the total volume calculated from the tables for the individual types of dwelling.

Anyway, it looks as if flats increased slightly in price whereas everything else fell (substantially in some cases), but the slightly larger number of flats sold was enough to make the average price change approximately zero.

Edited by Scunnered

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Guest Skinty
Orkney price boom everyone! Pile in!

Definitely! They have gorgeous beer up there!

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Orkney price boom everyone! Pile in!

If you dig into the detail it seems that the 22.9% annual increase in Orkney prices is driven by a relatively small number of sales.

If I'm reading the figures correctly, the average sale price of both detached and terraced houses fell in Orkney (by 18.6% and 6.9% respectively). On the other hand the average sale price of semis rose by 19.9%.

But the big change was on flats - from £68K to £160K - an eye watering 132% increase. Yet only 6 flatted properties were sold in 1Q2009. Either there was some slick top end new apartment development in Orkney, or there is an error in the figures. Either way it just shows how misleading headline figures can be.

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