aberdeen07 Posted November 16, 2008 Share Posted November 16, 2008 on the above point of rents in aberdeen, btl to me makes sense. 60k-70k 1 bedder in torry 500-550 rent. repayment mortgage sorted. Wait til next year. They'll probably be down to £40-£50k by then. They may go down even further but I wouldn't hazard a guess as to how much. If you're a cash buyer and you get a 1-bed for £40k and rent it for £500 pcm you'll be making a gross return of 15% (I stress gross: there'll be lots of expenses). That'll be pretty good going for 2009. Quote Link to comment Share on other sites More sharing options...
Alba Posted November 16, 2008 Share Posted November 16, 2008 Well you call in the FBI and I'll get on the phone to the CIA, MI5 (or is it MI6?) and we'll get this deviant law-breaker, who's obviously attempting to undermine the entire Western way of life, shipped off to Guantanamo Bay pronto. BTW, according to the this website, the fine is up to £5,000. Why all the hyperbole and sarcasm? Totally OTT! The law regarding multiple occupancy was established for the protection of tenants (students included) from unscrupulous landlords. It was not just a matter of protection from economic exploitation, but more importantly for safety reasons, particularly from the added risk of fire. It is a criminal offence, and rightly so. There are a number of well publicised examples of students in particular, who have lost their lives due to this law being flouted. I am surprised over your comments, particularly as you work in an establishment that is and should be responsible for student welfare! Obviously not a team player! I do hope you don't work in the accommodation section of Aberdeen University! Quote Link to comment Share on other sites More sharing options...
Alba Posted November 16, 2008 Share Posted November 16, 2008 Wait til next year. They'll probably be down to £40-£50k by then. They may go down even further but I wouldn't hazard a guess as to how much. If you're a cash buyer and you get a 1-bed for £40k and rent it for £500 pcm you'll be making a gross return of 15% (I stress gross: there'll be lots of expenses). That'll be pretty good going for 2009. There will still be a substantially better return ("If you're a cash buyer") than with £40,000 in the bank, possibly earning interest of between 0% to 2% in 2009! Quote Link to comment Share on other sites More sharing options...
aberdeen07 Posted November 16, 2008 Share Posted November 16, 2008 Why all the hyperbole and sarcasm? Totally OTT!The law regarding multiple occupancy was established for the protection of tenants (students included) from unscrupulous landlords. It was not just a matter of protection from economic exploitation, but more importantly for safety reasons, particularly from the added risk of fire. It is a criminal offence, and rightly so. There are a number of well publicised examples of students in particular, who have lost their lives due to this law being flouted. I am surprised over your comments, particularly as you work in an establishment that is and should be responsible for student welfare! Obviously not a team player! I do hope you don't work in the accommodation section of Aberdeen University! Had a sense of humour bypass recently? Quote Link to comment Share on other sites More sharing options...
Alba Posted November 16, 2008 Share Posted November 16, 2008 Had a sense of humour bypass recently? Not at all, when there is an example of humour! Sarcasm is the lowest form of wit! Quote Link to comment Share on other sites More sharing options...
delboypass Posted November 16, 2008 Share Posted November 16, 2008 There will still be a substantially better return ("If you're a cash buyer") than with £40,000 in the bank, possibly earning interest of between 0% to 2% in 2009! I think you can earn slightly more than 2% in the current market.. Still get up to 6.5% if you wanted... Quote Link to comment Share on other sites More sharing options...
Alba Posted November 17, 2008 Share Posted November 17, 2008 I think you can earn slightly more than 2% in the current market..Still get up to 6.5% if you wanted... I agree, but I am talking about 0% to 2% in 2009, which many pundits are predicting. Quote Link to comment Share on other sites More sharing options...
The McGlashan Posted November 17, 2008 Share Posted November 17, 2008 I agree, but I am talking about 0% to 2% in 2009, which many pundits are predicting. Indeed yes, but deflation is nothing to fear for savers. The exchange value of your money-in-the-bank (even at 0%) will be increasing as general prices in the economy fall month-on-month. This is already the case if you have notionally hypothecated cash savings for property purchase. Conversely, deflation is to be GREATLY feared by those with debit balances, whatever form they may take (from mortgages to overdrafts, and all forms of credit) as the real value of those balances will continue to increase, even if interest is being charged at 0%. Quote Link to comment Share on other sites More sharing options...
delboypass Posted November 25, 2008 Share Posted November 25, 2008 A week without any updates... I see we have all given up Quote Link to comment Share on other sites More sharing options...
m4rk Posted November 25, 2008 Share Posted November 25, 2008 dont know what your all on about. according to storie crudie simpson in westhill prices havnt fallen. infact its 10% over atm. nice of the lady to tell me. right that will be why iv watched 5 properties go from offers over.. to fixed at a higher ammount... (cheeky buggers) to reduced fixed.. Quote Link to comment Share on other sites More sharing options...
sandster Posted November 26, 2008 Share Posted November 26, 2008 There is a place stating 'price around' this is a new term to me Quote Link to comment Share on other sites More sharing options...
m4rk Posted November 26, 2008 Share Posted November 26, 2008 link? Quote Link to comment Share on other sites More sharing options...
quine Posted November 26, 2008 Share Posted November 26, 2008 There is a place stating 'price around' this is a new term to me I've seen this a few times recently (do a search for Aurora...those "executive apartments" with the view over Craiggie prison). This property below (sorry haven't been able to link it!) has been on the market for over a year. It was posted on this forum last year by someone when the property was advertised as "reduced for quick sale" I'd not seen that before. Anyway it obviously didn't work (can't think why!) and it's sitting there empty and costing the "owners" lots of money in council tax etc. 19 ASHGROVE ROAD, ABERDEEN, AB25 3AE Fixed price of £249,900 includes all floor coverings, integrated appliances etc. More Pictures LocationMap Quote Link to comment Share on other sites More sharing options...
delboypass Posted November 27, 2008 Share Posted November 27, 2008 Hey Guys, How do we get ASPC added to property Bee...There is a scotland thread but no action seems to have been taken. If we can get ASPC added it would save us a lot of hassle plus give us loads of ammunition to beat down sellers. Come on guys...get over to property bee and give them a hard time to add ASPC too so we can track all these houses for sale and get some decent reports generated.. Quote Link to comment Share on other sites More sharing options...
Alba Posted November 27, 2008 Share Posted November 27, 2008 (edited) I've seen this a few times recently (do a search for Aurora...those "executive apartments" with the view over Craiggie prison). This property below (sorry haven't been able to link it!) has been on the market for over a year. It was posted on this forum last year by someone when the property was advertised as "reduced for quick sale" I'd not seen that before. Anyway it obviously didn't work (can't think why!) and it's sitting there empty and costing the "owners" lots of money in council tax etc. 19 ASHGROVE ROAD, ABERDEEN, AB25 3AE Fixed price of £249,900 includes all floor coverings, integrated appliances etc. More Pictures LocationMap Add to url bar or double click http://www-q.aspc.co.uk/cgi-bin/public/Liv...HHCKFNN#picture Edited November 27, 2008 by Alba Quote Link to comment Share on other sites More sharing options...
m4rk Posted November 27, 2008 Share Posted November 27, 2008 i dont know how it could be done, maybe aspc isnt busy enough to be on it. out of interest delboypass what are you looking for in the market? area price etc. whats your situation. Quote Link to comment Share on other sites More sharing options...
delboypass Posted November 28, 2008 Share Posted November 28, 2008 looking at anything that isnt overpriced I aint having too much luck. I look between 2 bed flats situated close to town to large 4 bed detatched. Large LTV saved and being hammered by interest rate cuts as we all are Quote Link to comment Share on other sites More sharing options...
m4rk Posted November 28, 2008 Share Posted November 28, 2008 did you not get it into something like BOS interest saver? i got mine in before it changed 6% less tax.... and i can add to it every month. have you been to look at anything? iv had a look at a few in westhill. 1 house and 2 flats. Quote Link to comment Share on other sites More sharing options...
euan2020 Posted November 29, 2008 Share Posted November 29, 2008 splurge of property in aberdeen today have aspc filter on £100k to £200K flats last 3 months get sent 2/3 properties a day Today 21 properties Quote Link to comment Share on other sites More sharing options...
delboypass Posted November 29, 2008 Share Posted November 29, 2008 I expect this is just the start of things to come Euan... The way some houses are still priced on ASPC, i cant see them ever shifting.. And we are heading into December January.. typically a time when nothing sells...if you can be bothered to leave the house to brace the weather.. Any fool still paying £200k for a 2 bed flat should be sectioned..! Quote Link to comment Share on other sites More sharing options...
m4rk Posted November 29, 2008 Share Posted November 29, 2008 yeh 200k for a flat is a joke. got a mate who ..bought... (had bought for him) one of the flats at ferryhill right opposite the train bridge at the archers. bought for 120k odd 4 years ago. claimed it was worth 180k now. one in the next block for sale at offers over 170k. numerous break ins and cars vandalised noisy trains terrible build quiality.. i wouldnt pay 100k! Quote Link to comment Share on other sites More sharing options...
Bjørn Posted November 30, 2008 Share Posted November 30, 2008 splurge of property in aberdeen todayhave aspc filter on £100k to £200K flats last 3 months get sent 2/3 properties a day Today 21 properties Could this perhaps be rush of people getting their properties logged as "on the market" prior to midnight tonight? Those properties will be exempt from the Single Seller Survey requirement. If I'm right, I expect we'll see a commensurate dearth of properties coming onto the market next week and perhaps the week after and beyond. Quote Link to comment Share on other sites More sharing options...
sandster Posted December 1, 2008 Share Posted December 1, 2008 Could this perhaps be rush of people getting their properties logged as "on the market" prior to midnight tonight?Those properties will be exempt from the Single Seller Survey requirement. If I'm right, I expect we'll see a commensurate dearth of properties coming onto the market next week and perhaps the week after and beyond. Yes was told to expect a rush prior to today Quote Link to comment Share on other sites More sharing options...
delboypass Posted December 1, 2008 Share Posted December 1, 2008 so what is the new law? i thought any houses sold after december 1st had to have a sellers pack and it doesnt matter when they are registered for sale? So when will those houses registered for sale now have to provide a sellers pack? Quote Link to comment Share on other sites More sharing options...
Alba Posted December 1, 2008 Share Posted December 1, 2008 Interesting that properties on ASPC site still asking offers over. So unless these were registered pre 1st December, HIPS is still not affecting the O/O status. Quote Link to comment Share on other sites More sharing options...
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