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Randall Herbert

Aberdeenshire Down -3.4%, Aberdeen City Down -1.9%

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Aberdeen not quite the BTL boom town it was made out to be, lots must be bailing out by now, it is awash with rental properties after all.

As we suspected houseprices are coming off the rails across Scotland, this very quiet BBC report paints a very different perspective from the VI messengers.

Falls of up to 10% amost everywhere making their way into the stats.

Where is that Troll who insisted that Aberdeen and Scotland was still booming???

http://news.bbc.co.uk/1/shared/spl/hi/in_d...ml/region12.stm

Of course its all different this time. :lol:

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Guest Winners and Losers

Alba is going to have kittens, kittens I tell ya!

Why did houseprices come down in Scotland?

Because the Phil & Krusty of Scotland, Justin and Colin, have stopped ramping the market - they are too busy getting sh*tfaced every weekend. :rolleyes:

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Guest Winners and Losers

I think that is correct if you take it literally. :ph34r:

Sorry STF, I don't know which one is the taker. :unsure:

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Some pretty sharp falls, even bigger than my area which saw 8.2% down in the last Q.

I wonder if RICS and the other VIs are still saying a surge of interest by FTBs is keeping house prices bouyant?

Stratford-On-Avon £328,827 -8.2% -8.8% 162

Warwick £321,358 -7.4% -7.0% 129

North Warwickshire £264,202 -3.4% -8.9% 55

Rugby £261,763 -6.7% -8.3% 118

Nuneaton And Bedworth £211,720 6.4% 3.5% 87

We are almost 100% awash in red ink. Local property rag arrived today and I see the first "price reduced" ads--they had been putting "new price" before. I don't know about anyone else but I feel a crash coming on. :D

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Aberdeen not quite the BTL boom town it was made out to be, lots must be bailing out by now, it is awash with rental properties after all.

As we suspected houseprices are coming off the rails across Scotland, this very quiet BBC report paints a very different perspective from the VI messengers.

Falls of up to 10% amost everywhere making their way into the stats.

Where is that Troll who insisted that Aberdeen and Scotland was still booming???

http://news.bbc.co.uk/1/shared/spl/hi/in_d...ml/region12.stm

Of course its all different this time. :lol:

Im in Aberdeen and have been saying for quite some time that the Aberdeen market is far from hot.

Still plenty of movement in the sub 100k 1-2 bed flat sector but elsewhere things are not moving quickly.

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This is on sales, and its for approvals in the winter months. Therefore you would expect a fall, it will pick pnext month, and 3Q which has the majority of the Scottish "spring boom" will show a large increase.

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This is on sales, and its for approvals in the winter months. Therefore you would expect a fall, it will pick pnext month, and 3Q which has the majority of the Scottish "spring boom" will show a large increase.

WAAAAAA HAAAA HAAA HAAAAA HAAAAAA HAAA!!!!! :lol:

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WAAAAAA HAAAA HAAA HAAAAA HAAAAAA HAAA!!!!! :lol:

WAAAAAA HAAAA HAAA HAAAAA HAAAAAA HAAA!!!!! :lol:

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WAAAAAA HAAAA HAAA HAAAAA HAAAAAA HAAA!!!!! :lol:

WAAAAAA HAAAA HAAA HAAAAA HAAAAAA HAAA!!!!! :lol:

WAAAAAA HAAAA HAAA HAAAAA HAAAAAA HAAA!!!!! :lol:

WAAAAAA HAAAA HAAA HAAAAA HAAAAAA HAAA!!!!! :lol:

WAAAAAA HAAAA HAAA HAAAAA HAAAAAA HAAA!!!!! :lol:

WAAAAAA HAAAA HAAA HAAAAA HAAAAAA HAAA!!!!! :lol:

Very well thought out. Anyway laugh like a mad man. Here are the ROS QOQ numbers and Annual HPI and the average per quarter. As you can see Q1 have an average of -0.4% where as Q3 (Spring bounce) has an average of 9.8% (Yep 9.8% for the quarter). Therefore, it doesn't take a genius to work out that 3Q06 will be strongly +'ve and 2Q06 will probably be mildluy +'ve.

						QoQ	YoY2003	Q2	£90,768		2003	Q3	£102,177	12.6%	2003	Q4	£103,394	1.2%	2004	Q1	£106,932	3.4%	2004	Q2	£108,238	1.2%	19.2%2004	Q3	£118,141	9.1%	15.6%2004	Q4	£118,123	0.0%	14.2%2005	Q1	£115,283	-2.4%	7.8%2005	Q2	£117,626	2.0%	8.7%2005	Q3	£126,538	7.6%	7.1%2005	Q4	£125,934	-0.5%	6.6%2006	Q1	£124,481	-1.2%	8.0%Average	Q1	-0.4%	Average	Q2	1.6%	Average	Q3	9.8%	Average	Q4	0.7%	

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Are you sure "spring bounce" is Q3 not Q2??!!?? I suppose you are right as properties completing around now will not hit these figures until after the end of June.

So you are right of course, just hope Q3 is not so good!!!!

Anyway glad to see some Scottish interest!

Edited by roblpm

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With the closure of the Peugeot plant in Ryton, this should have an impact on the property market here in Rugby.

On the local news even brands like HP Sauce in Birmingham have shut up shop after nearly 100 years and are off-shoring their operations.

We will end up being an economy that is almost entirely service based.

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Very well thought out. Anyway laugh like a mad man. Here are the ROS QOQ numbers and Annual HPI and the average per quarter. As you can see Q1 have an average of -0.4% where as Q3 (Spring bounce) has an average of 9.8% (Yep 9.8% for the quarter). Therefore, it doesn't take a genius to work out that 3Q06 will be strongly +'ve and 2Q06 will probably be mildluy +'ve.

						QoQ	YoY2003	Q2	£90,768		2003	Q3	£102,177	12.6%	2003	Q4	£103,394	1.2%	2004	Q1	£106,932	3.4%	2004	Q2	£108,238	1.2%	19.2%2004	Q3	£118,141	9.1%	15.6%2004	Q4	£118,123	0.0%	14.2%2005	Q1	£115,283	-2.4%	7.8%2005	Q2	£117,626	2.0%	8.7%2005	Q3	£126,538	7.6%	7.1%2005	Q4	£125,934	-0.5%	6.6%2006	Q1	£124,481	-1.2%	8.0%Average	Q1	-0.4%	Average	Q2	1.6%	Average	Q3	9.8%	Average	Q4	0.7%	

Total utter Crap! You are trying to suggest that all future years behave as per the previous years for your dodgy average calculation???

Face it.... PRICES ARE FALLING!!

Quarter 3 will be very much like a precious year..... Try 1989!!!

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Prices falling in Aberdeen is absolutely NOT what I am finding on the ground.

Every flat I am looking at is going for around 25% over the O/O price.

I mentioned these stats to my solicitor and he cannot undertand where they are coming from as this is not what he is experiencing either.

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My area is showing -8.1 over the year and..............

-26% for detached houses over the year (100 sales)

-26%

:lol::lol::lol::lol::lol:

Think I will just wait a little longer until people start to see the prices and begin to panic

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Prices falling in Aberdeen is absolutely NOT what I am finding on the ground.

Every flat I am looking at is going for around 25% over the O/O price.

I mentioned these stats to my solicitor and he cannot undertand where they are coming from as this is not what he is experiencing either.

Alba, sell your BTL portfolio before its too late hen...

Prices are falling, did you expect them to keep going up?

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Prices falling in Aberdeen is absolutely NOT what I am finding on the ground.

Every flat I am looking at is going for around 25% over the O/O price.

I mentioned these stats to my solicitor and he cannot undertand where they are coming from as this is not what he is experiencing either.

Your solicitor is treating you as any person would when they expect to make some money from you. When you speak to solicitors in Aberdeen outwith the job they paint a different picture to the one you are being drawn.

1-2 bedrooms under 100k are showing movement because some people believe they need to rush in and get on the ladder.

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Quite honestly and sincerely this is not what I am finding. I am on to my 14th offer and still no success.

This is not for properties under £100k as you suggest.

I am continuously finding sellers who have bought their property from 6 to 14 months previously, and expecting and getting a mark up of £20K - £30K over what they paid for it.

I am totally fed up of the Aberdeen market, the sellers and their solicitors.

I honestly wish that the market would swing back in favour of the buyer. I would like to see the Aberdeen solicitors having to work for their money and not treating you like something they stood on.

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Sorry guys- anecdotal: colleague of mine sold modern family house in Banchory last week for £65000 over asking price. Prices high at moment.

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Sorry guys- anecdotal: colleague of mine sold modern family house in Banchory last week for £65000 over asking price. Prices high at moment.

Details please.

Ta muchly.

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Sorry guys- anecdotal: colleague of mine sold modern family house in Banchory last week for £65000 over asking price. Prices high at moment.

Hmmm.

Interesting first post. Was that after they dropped the price 20%?

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  • 302 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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