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viewsonic

Edinburgh Property On The Up

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I am sorry to inform the doom mongers on the BBS that property prices in Edinburgh may be on a sharply upward trajectory. According to the Registras of Scotland (i.e. based on actual numbers, and not the ESPC) in the last 28 day monitoring period the average value of property sold rose by 10.4% and the number of sales increased by >15% over the previous 28 day period. Yes that is 10.4% in a month.

Happy days may be returning soon,

actual numbers here: http://www.ros.gov.uk/public/news/press_re...flash/28day.pdf

Viewsonic

Edited by viewsonic

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Anyone willing to bet who viewsonic is a sock puppet for.

Hamish maybe?

No I am not Hamish whoever he is. Just a person reporting the facts from the RoS data.

The doom mongers are doomed!!!

Viewsonic

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Yeah. House prices genuinely increased 10% in a month. Thats absolutely what happened.

It isn't a statistical blip caused by low transaction volumes and skew.

We can expect 120% increase by this time next year. :lol:

Of course theres no way that ROS house prices might have dropped say 10% in march only to rise 10% in april.

ROS.jpg

DOH!

post-3674-1248521286_thumb.jpg

Edited by geneer

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No I am not Hamish whoever he is. Just a person reporting the facts from the RoS data.

Nice touch "whoever he is". :lol:

Your tone and familiarity suggests you're absolutely an old visitor to the board.

The only question is, which of the previously banned trolls are you?

Edited by geneer

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In the same period, house prices in East Lothian fell by 10.4%. If that's sustained, in the next twelve months they'll fall by a total of 73.2%, to £42,993. Meanwhile in Edinburgh, the average price will be £677,590. Even better, in Midlothian the average price will have risen to £2,659,677.

Looks like it's East Lothian for me.

Edited by Scunnered

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Lets see who is right in a few months. In the mean time laugh away.

Muppet.

Rerum cognoscere causas

Oooh you can quote in Latin - an educated Troll. At least quote Virgil fully:

Felix qui potuit rerum cognoscere causas

Happy (is s/he) who is able to know the causes of things.

So you are happy because you think you understand what is going on?

Smug muppet.

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In the same period, house prices in East Lothian fell by 10.4%. If that's sustained, in the next twelve months they'll fall by a total of 73.2%, to £42,993. Meanwhile in Edinburgh, the average price will be £677,590. Even better, in Midlothian the average price will have risen to £2,659,677.

Looks like it's East Lothian for me.

Indeed. To be fair you cannot read too much into a month's figures, lets wait and see shall we. I think to expect good properties for example within the UNESCO World Heritage boundaries to drop is a very forlorn hope indeed. The outllok for blue chip real estate is fine.

The less salubrious areas like the Gulag of Leith, Gorgie etc..........well that is another matter.

My personal prediction is for property to start gently wafting upwards from now on in, with single digit annual gains. There has been quite a shortage of quality in the market, and if the enconomy improves somewhat, and mortgages become more widely available, then annual increases could surge into double figures. In late 2009 and definately in 2010.

longer term the market will recover, and if you buy low and sell high then you will do well.........its just this judgement call that is difficult.

Viewsonic

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Indeed. To be fair you cannot read too much into a month's figures, lets wait and see shall we. I think to expect good properties for example within the UNESCO World Heritage boundaries to drop is a very forlorn hope indeed. The outllok for blue chip real estate is fine.

The less salubrious areas like the Gulag of Leith, Gorgie etc..........well that is another matter.

My personal prediction is for property to start gently wafting upwards from now on in, with single digit annual gains. There has been quite a shortage of quality in the market, and if the enconomy improves somewhat, and mortgages become more widely available, then annual increases could surge into double figures. In late 2009 and definately in 2010.

longer term the market will recover, and if you buy low and sell high then you will do well.........its just this judgement call that is difficult.

Viewsonic

Tell me, did you personally predict the crash too?

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longer term the market will recover, and if you buy low and sell high then you will do well.........its just this judgement call that is difficult.

Viewsonic

No sh1t Sherlock, by jove I think you've cracked it............... all those years doin your HNC weren't wasted after all. ;)

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