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B B C: House Price Rises 'slowing Down' According To B O S

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House price rises 'slowing down'

The average house price in Scotland is about £114,000
House prices in Scotland rose by just under 7% last year, providing more evidence that the market is undergoing a measured slowdown, analysts said.
Tim Crawford, group economist for the Bank of Scotland, said that Scotland was still outperforming the rest of the UK.
He said: "The housing market in Scotland is undergoing a measured slowdown.
"Annual house price growth was 6.9% in the first quarter of 2006, compared to 23% growth a year ago.

Going from 23% down to 6.9% sound like a large out of control truck hitting the brakes after careening along at reckless speeds. It is unable to stop dead but the de-acceleration is causing the cargo to shift around causing instability and damage to the goods.

GUardian must have read the BBC report and quickly spun this one for the Halifax:


Scottish property sizzles

Hilary Osborne

Friday April 28, 2006

The town of Cupar in Fife has been the UK's property hotspot over the past year, with average property prices rising by 36%, figures showed today.
Scottish towns dominated the list put together by mortgage lender Halifax, making up six of the top ten and filling the first four spots on the table.

This kind of confuse and obfuse is obviously designed to keep the sheeple disoriented. Classic propaganda technique.

Edited by Realistbear
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What's happened? Oil field discovered outside Cupar?

Cupar is a very small hamlet consisting of one studio flat. 17 BTL got into a bidding war over it. They are now renting it out to the sheppard and if the sheep keep lambing, as they have done through the spring, They should get a a good return in 20 years.

What do you mean sheep only lamb in spring?

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Cupar has a major NIMBY campaign at the moment over the proposal of thousands of affordable new homes being built in the area.

C.A.R.D. Cupar Against Rural Development

I understand in some ways but overall Fife is too expensive regarding wages (what's new int the UK). Younger people need help with this issue if they are not drug addicts, seriously mentally ill, disabled or are teenage mothers. They just have ordinary jobs.

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