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Nationwide index drop for my area!


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I live just outside Edinburgh in a popular town with good schools, nice parks and amenities. Average prices here are a little under Scotland’s national average making them pretty affordable. With a modest commute to both Glasgow and Edinburgh, you really can live well for less!!
 

Two weeks ago TSB had my house down as 219k whilst I sorted out a potential house move/purchase. Today that valuation which is driven by the nationwide index is 204k, a 7% decrease. It doesn’t impact the price I fix at but I find it staggering that the nationwide are publishing month of month rises, yet they have targeted my area for such a sobering leveller.

 

Roll on their next monthly report... anything other than a UK wide drop is propaganda!!! 

 

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