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Leodhasach

Interesting Article On Scotland

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Apologies if this has been posted already:

article

It's a surprisingly bearish article until the final paragraph...

"Another interest rate cut could help, so could a general upturn in the economic mood of the UK which remains downbeat, despite a strong stock market, but personally I think the market will stay static for a further few months, probably until the spring. Then we should start to see it slowly, slowly recover its confidence."

...but given the inflation figures and the oil price, I think she'll be waiting a long time for her IR cut and economic upturn!

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The scotsman is usually pretty bullish especially about the Edinburgh market but given the number of properties on the ESPC and the number on Fixed Price and the reduction I have seen (some £75k) - I think slow , slow ,slow will be around for a long time, if not continuing down like the second quarter in the FTB area to start off with. :huh:

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The Scotsman is the in-house paper for Edinburgh's financial sector, so no surprise they normally talk everything up. I don't think Scotland is quite so precarious as parts of England price-wise, I think it will be more of a correction than a crash.

I thinking of moving back home in the near future, so hopefully I'll time it just for the deepest trough :D

West Lothian and other commutable places went crazy for a while - how are they doing these days? I know someone who bought a new build in Broxburn at 90K 2003, neighbour's house (identical but smaller garden) sold for 135K late last year, exactly 50% mark-up in about 18 :blink: months!

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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