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Bootsox

Inverness?

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Reading through other forums relating to Scottish towns put me on a little nostalgia trip.

In late 1987, I undertook a job related move from Lancashire to Inverness. I bought my first house in Feb 1988, a two bedroom bungalow for £26k. On my return to England, about two years later, I sold the property for £36k. I know, all very modest by today’s standards.

The point that I am making is that on putting the property on the market, I had 20 viewings and a subsequent agreed sale within the first two weeks. All this was when England was experiencing the first of what was to become the “white heat” of a property price crash.

It was then that I realised that what had become a violent house price spike in London and the south east had eventually rippled north until it became a modest, yet sustainable, hump.

I was wondering how Inverness property prices were fairing at the moment and, 16 years on, will history repeat itself?

Regards

Sox

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Reading through other forums relating to Scottish towns put me on a little nostalgia trip.

In late 1987, I undertook a job related move from Lancashire to Inverness. I bought my first house in Feb 1988, a two bedroom bungalow for £26k. On my return to England, about two years later, I sold the property for £36k. I know, all very modest by today’s standards.

The point that I am making is that on putting the property on the market, I had 20 viewings and a subsequent agreed sale within the first two weeks. All this was when England was experiencing the first of what was to become the “white heat” of a property price crash.

It was then that I realised that what had become a violent house price spike in London and the south east had eventually rippled north until it became a modest, yet sustainable, hump.

I was wondering how Inverness property prices were fairing at the moment and, 16 years on, will history repeat itself?

Regards

Sox

You would be lucky to get a 1 bed flat for less than £75k at the moment, most properties o/o £70-120k seem to be on the market for approx. 4-6 weeks.

I use the link below to keep an eye on what is typically available.

http://www.hspc.co.uk/quickresults.asp?id=...20and%20Balloch

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You would be lucky to get a 1 bed flat for less than £75k at the moment, most properties o/o £70-120k seem to be on the market for approx. 4-6 weeks.

I use the link below to keep an eye on what is typically available.

http://www.hspc.co.uk/quickresults.asp?id=...20and%20Balloch

Tiny 1 bed flat (no separate kitchen and shower room without space for bath) in centre has just gone for ~85k. Approx 50 viewings and 10 offers within 2 weeks of going on market! Asking price was <65k! I struggle to believe it but there are certainly no indications of a slow down here! We plan on putting my girfriend's place on market next week. We've already been contacted and had viewings through word of mouth. It's a completely different market to that which I experienced in the North West of England.

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  • 337 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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