mynamehere Posted October 7, 2020 Share Posted October 7, 2020 The latest ESPC report suggests prices up 15% year on year in borders and east lothian, which is my target areas!!! I was hoping there would be some distressed sales but there is no sign of that happening. Just lots of money looking for a home. House I had recently bid on on had 8 offers, and went for about 750 I would guess and the neighbours sold in 2017 for 460... It's a lot of retirees so not much related to wages going on, i would guess it's a flight from risker assests, profit taking long term stocks etc. I don't know what it is, but no sign of peak yet.... Quote Link to comment Share on other sites More sharing options...
toreveal Posted October 10, 2020 Share Posted October 10, 2020 The latest ESPC report suggests prices up 15% year on year in borders and east lothian, which is my target areas!!! I was hoping there would be some distressed sales but there is no sign of that happening. Just lots of money looking for a home. House I had recently bid on on had 8 offers, and went for about 750 I would guess and the neighbours sold in 2017 for 460... It's a lot of retirees so not much related to wages going on, i would guess it's a flight from risker assests, profit taking long term stocks etc. I don't know what it is, but no sign of peak yet.... But no House price table as usually accompanies the report (8days later now). So, likely there are some dips in other neighbourhoods. The volume of flats in Edinburgh and suburbs is way up on espc, and more FPs available too. Quote Link to comment Share on other sites More sharing options...
Rian1988 Posted November 3, 2020 Share Posted November 3, 2020 Some interesting reading: https://espc.com/news/post/house-price-report-october-2020 Quote Link to comment Share on other sites More sharing options...
Pmax2020 Posted November 19, 2020 Share Posted November 19, 2020 Some interesting reading: https://espc.com/news/post/house-price-report-october-2020 I do think this is purely to do with the listings being skewed toward the higher end of the market. Where I live so few smaller flats have come on the market, instead more prestigious larger homes have been sold by people know have decided to downsize before prices fall. Interestingly I know two people selling in Edinburgh right now. Both listed in July, one sold to someone else in the block approximately 10% below the home report valuation. Admittedly this was a healthy rise of 30% over the last 5 years none the less. The other couple I know have a newer centra flat but have only had 2 viewers in all that time! Quote Link to comment Share on other sites More sharing options...
toreveal Posted November 22, 2020 Share Posted November 22, 2020 I do think this is purely to do with the listings being skewed toward the higher end of the market. Where I live so few smaller flats have come on the market, instead more prestigious larger homes have been sold by people know have decided to downsize before prices fall. Interestingly I know two people selling in Edinburgh right now. Both listed in July, one sold to someone else in the block approximately 10% below the home report valuation. Admittedly this was a healthy rise of 30% over the last 5 years none the less. The other couple I know have a newer centra flat but have only had 2 viewers in all that time! 1435 Edinburgh properties for sale on ESPC right now, much higher than normal for this time of year. 387 (27%) of them at Fixed Price. Quote Link to comment Share on other sites More sharing options...
Pmax2020 Posted November 23, 2020 Share Posted November 23, 2020 The latest ESPC report suggests prices up 15% year on year in borders and east lothian, which is my target areas!!! I was hoping there would be some distressed sales but there is no sign of that happening. Just lots of money looking for a home. House I had recently bid on on had 8 offers, and went for about 750 I would guess and the neighbours sold in 2017 for 460... It's a lot of retirees so not much related to wages going on, i would guess it's a flight from risker assests, profit taking long term stocks etc. I don't know what it is, but no sign of peak yet.... Prices categorically aren’t up 15%. It’s just not true. Quote Link to comment Share on other sites More sharing options...
toreveal Posted November 29, 2020 Share Posted November 29, 2020 https://www.edinburghlive.co.uk/news/edinburgh-news/seven-properties-sale-edinburghs-bargain-19363417 Not just those areas where prices are falling either Quote Link to comment Share on other sites More sharing options...
Paul77 Posted January 31, 2021 Share Posted January 31, 2021 Have a look at zoopla house prices, all the flats in Edinburgh that I'm checking are -4.35% down in the last 3 months. Quote Link to comment Share on other sites More sharing options...
Paul77 Posted January 31, 2021 Share Posted January 31, 2021 City centres where average asking rent has fallen most Inner London £2,219 (-12.4%) Edinburgh £1,124 (-10%) Manchester £1,022 (-5.3%) Birmingham £883 (-4.6%) Leeds £811 (-4.4%). https://www.theguardian.com/money/2021/jan/27/private-rents-fall-in-uks-biggest-cities-by-up-to-12-amid-covid-crisis (from the HPC home page) Quote Link to comment Share on other sites More sharing options...
AThirdWay Posted February 5, 2021 Share Posted February 5, 2021 On 31/01/2021 at 18:48, Paul77 said: City centres where average asking rent has fallen most Inner London £2,219 (-12.4%) Edinburgh £1,124 (-10%) Manchester £1,022 (-5.3%) Birmingham £883 (-4.6%) Leeds £811 (-4.4%). https://www.theguardian.com/money/2021/jan/27/private-rents-fall-in-uks-biggest-cities-by-up-to-12-amid-covid-crisis (from the HPC home page) Can't believe Aberdeen isn't on that list, they must be struggling? Quote Link to comment Share on other sites More sharing options...
Paul77 Posted February 5, 2021 Share Posted February 5, 2021 7 hours ago, AThirdWay said: Can't believe Aberdeen isn't on that list, they must be struggling? Probably because Aberdeen isn't a 'big city' Quote Link to comment Share on other sites More sharing options...
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