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Captain Cavey

The Highlands

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Is anyone noticing any changes in a downward direction in the highlands? I’ve been monitoring the EA’s for about 1 year now (Inverness +50miles), and despite an unprecedented(?) volume of properties for sale, many of which have been on the books for a long long time, nothing is decreasing.

In fact, using property bee, I’ve actually found a nasty new build that’s gone up!! (although this looks like a developer has had an oh-f*ck moment and realised he’s instructed the wrong price.

http://www.rightmove.co.uk/viewdetails-174...10&tr_t=buy

History

date event

25th Feb 2008  Status changed: from 'New home' to 'Available'

22nd Feb 2008  Price changed: from 'From £260,000' to 'From £263,000'

 Brief Description changed: 4 bedroom Detached house from £263,000

20th Feb 2008  Initial entry found.

Prizes for the first to post evidence of the log jam breaking. :P

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Capt,

The Heilans are knackered now that the silly money from Darn Saff is switching off.

Imagine what would happen if Inverness Medical said they were moving abroad, Armageddon wouldn't have look in.

I've noticed a lot of the big ticket stuff isn't flying off the shelves, a year from now it'll be grim.

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Is anyone noticing any changes in a downward direction in the highlands? I’ve been monitoring the EA’s for about 1 year now (Inverness +50miles), and despite an unprecedented(?) volume of properties for sale, many of which have been on the books for a long long time, nothing is decreasing.

In fact, using property bee, I’ve actually found a nasty new build that’s gone up!! (although this looks like a developer has had an oh-f*ck moment and realised he’s instructed the wrong price.

http://www.rightmove.co.uk/viewdetails-174...10&tr_t=buy

History

date event

25th Feb 2008  Status changed: from 'New home' to 'Available'

22nd Feb 2008  Price changed: from 'From £260,000' to 'From £263,000'

 Brief Description changed: 4 bedroom Detached house from £263,000

20th Feb 2008  Initial entry found.

Prizes for the first to post evidence of the log jam breaking. :P

You might be waiting for a while to see those changes , as a lot of property's are actually going up in price on their adverts as they go from e.g offers over 200,000 to fixed price of 220,000 , there is a bungalow in farr that has just done this and is not the only one in the area. As these remain unsold into the summer I think we might begin to see some reductions.

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Is anyone noticing any changes in a downward direction in the highlands? I’ve been monitoring the EA’s for about 1 year now (Inverness +50miles), and despite an unprecedented(?) volume of properties for sale, many of which have been on the books for a long long time, nothing is decreasing.

In fact, using property bee, I’ve actually found a nasty new build that’s gone up!! (although this looks like a developer has had an oh-f*ck moment and realised he’s instructed the wrong price.

http://www.rightmove.co.uk/viewdetails-174...10&tr_t=buy

History

date event

25th Feb 2008  Status changed: from 'New home' to 'Available'

22nd Feb 2008  Price changed: from 'From £260,000' to 'From £263,000'

 Brief Description changed: 4 bedroom Detached house from £263,000

20th Feb 2008  Initial entry found.

Prizes for the first to post evidence of the log jam breaking. :P

Oh dear, I smell desperation!!!! Having gone up it's now going down now:

History

date event

9th Mar 2008 * Brief Description changed: 4 bedroom Detached house from £263,000 to £240,000

* Price changed: from 'From £263,000' to 'From £240,000'

26th Feb 2008 * Status changed: from 'Available' to 'New home'

25th Feb 2008 * Status changed: from 'New home' to 'Available'

22nd Feb 2008 * Price changed: from 'From £260,000' to 'From £263,000'

* Brief Description changed: 4 bedroom Detached house from £260,000 £263,000

20th Feb 2008 * Initial entry found.

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There are a few more cracks beginning to appear. The old tactic of announcing a closing date to panic interested parties into submitting a “big offer” over in the belief that there was a lot in interest seems to be failing – see

http://www.rightmove.co.uk/viewdetails-194...=4&tr_t=buy

looks like nothing of interest happened for them on 14th March. This time last year they would’ve been fighting them off with a sh*ty stick.

Image1.jpg

post-12121-1207043409_thumb.jpg

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Is anyone noticing any changes in a downward direction in the highlands? I’ve been monitoring the EA’s for about 1 year now (Inverness +50miles), and despite an unprecedented(?) volume of properties for sale, many of which have been on the books for a long long time, nothing is decreasing.

In fact, using property bee, I’ve actually found a nasty new build that’s gone up!! (although this looks like a developer has had an oh-f*ck moment and realised he’s instructed the wrong price.

http://www.rightmove.co.uk/viewdetails-174...10&tr_t=buy

History

date event

25th Feb 2008  Status changed: from 'New home' to 'Available'

22nd Feb 2008  Price changed: from 'From £260,000' to 'From £263,000'

 Brief Description changed: 4 bedroom Detached house from £263,000

20th Feb 2008  Initial entry found.

Prizes for the first to post evidence of the log jam breaking. :P

Same house, but what the hell is going on?!! There seems to be many changes in the Wimpey portfolio in the region – the prices have been revised up and with a change from “George Wimpey East" to "North".

Image1.jpg

post-12121-1207043995_thumb.jpg

Edited by Captain Cavey

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Greetins Capt,

The markets stagnant and dying now the crazy Darn Saff money has dried up, the big ticket stuff is really beginning to stick.

I can see some Inverness area property taking a real sore one soon.

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Greetins Capt,

The markets stagnant and dying now the crazy Darn Saff money has dried up, the big ticket stuff is really beginning to stick.

I can see some Inverness area property taking a real sore one soon.

Quite agree - the top end is beginning to show signs of distress: http://www.rightmove.co.uk/viewdetails-156...=1&tr_t=buy This would've been snapped up with some loose change from a city bonus last year

Image1.jpg

post-12121-1207049872_thumb.jpg

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Greetins Capt,

The markets stagnant and dying now the crazy Darn Saff money has dried up, the big ticket stuff is really beginning to stick.

I can see some Inverness area property taking a real sore one soon.

In this months ica magazine the hspc column at the back reports that this time last year they had 400 properties for sale and this year they now have nearly 650 for sale.

This is real evidence of properties sticking and a lot of properties for sale i can remember being on the market 12 months ago. and there do now appear to be more fixed prices about that previously, but like the man says "who will blink first" :blink: and start the big slide in prices?

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Same house, but what the hell is going on?!! There seems to be many changes in the Wimpey portfolio in the region – the prices have been revised up and with a change from “George Wimpey East" to "North".

Back to our old friend - another £500 added on! Must be a hell of a lot of demand if a big number biding war is going on over this beauty.

Image1.jpg

post-12121-1207344305_thumb.jpg

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Highland update

A few drops (up to 5%) but mostly for individual new built developments in the villages. I presume that these are from local speculative builders who realise that the games up.

The big wendy-house developers seem to think that a change in description from “new home” to “available” is going to get the cheque books out.

Lots of changes from OO to “guide price” or fixed.

A few more weeks and the McSheeple will see that the Spring Bounce is a Spring Thud and hopefully some realistic prices will begin to emerge

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A few properties for sale in the Aberdeen P&J - my guess is that people are thinking that advertising pays.

A few holiday-type (gettaway cottages) on Deeside for example.

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http://www.rightmove.co.uk/viewdetails-174...11&tr_t=buy

Same house AGAIN, now up to £260k WTF is going on here!!

Do you Wimpeys believe there’s a lot of interest in it due to the internet traffic, not knowing that it’s me repeatedly checking to see what random “value” has been plucked out of the air this time.

Maybe I should start a poll with prizes for who can guess what price it will be next week.

Image1.jpg

post-12121-1208810882_thumb.jpg

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A CHARTERED surveyor in Inverness has dismissed "doom and gloom merchants" warning of the impending credit crisis hitting the city's housing market.

Looks like we’ve got it wrong, Inverness is immune to a HPC - only a slight correction according to David Ferguson, a partner at J&E Shepherd in Inverness

http://www.highland-news.co.uk/news/fullst...it_squeeze.html

… he believes these prices are a result of "excessive demand" for such properties, with first time buyers competing against buy-to-let investors.

Thanks for the unbiased advice David, I’ll just withdraw my STR fund and get back on the ladder, perhaps even a few BTL’s as it’s a sure fire winner given the demand you mention.

Mr Ferguson said the housing market, in recent years, has benefited from a steady stream of house hunters from south of the border and the central belt seeking to relocate to the Highlands.

Just as well they are all immune from the crash then and will be heading north after a quick sale of their properties.

Here he is. A face you can trust. Be sure to thank him when you see him

3611.photo.jpg

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Tumbleweed sighted in the Highlands, Scottish property values more rebust :lol::lol::lol:

I have several properties to monitor frae ma windae, 1 has sold but I'm hearing purchasers haven't sold own house yet :o thats gotta hurt bridging finance at this time.

Others no interest after months n' months n' months.

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ica magazine came through the door this morning . reports the average quarterly house price in the highlands fell by 4% up to may.and hspc have 908 properties for sale at this time compared to 513 at this time last year. This certainly doesn't show a buoyant housing market, it seems we are around six months behind england in the price drops, it certainly going to get messy from here on in, certainly nothing seems to be selling unless very keenly priced.

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Time to resurrect this one. I’ve been away from the highlands for a year now, but still monitoring the same sad old houses now resident on rightmove.

And then this:

BBC Recovery signs ramp

House prices quarterly change

Aberdeen: -4.5%

Central/Fife/Perth/Tayside: +9.6%

Dundee: -17.5%

Edinburgh: -7.6%

Glasgow: -7.2%

North: -16%

South East: -1.4%

South West: -2.5%

Source: Lloyds TSB

16% drop in a quarter – what’s happened? Is there blood in the glens, or has only one wee but ‘n’ ben sold and this skews the data?

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  • 296 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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