dances with sheeple Posted August 22, 2013 Share Posted August 22, 2013 So we see all the PR hype and prices going up everywhere apparently this summer despite big bad FED possibly cutting back and yet from what I can see the areas and properties that I am keeping an eye on are still on at the same price or less as they were last summer or more. Gorgie, Leith stalled any movement, outlying suburbs not much change, even the student areas not much change from what I can see. What are your thoughts and opinions then people? Should I rush to buy or potentially miss this golden opportunity before a one bed in Gorgie costs £1,000,000? Anyone think the PR hype only applies to England? The PR hype only applies while they can keep a lid on the cost of money. Holding large debt on property is a tightrope I don`t want to be on at the present moment, far too uncertain whatever the PTB would like us to believe. Quote Link to comment Share on other sites More sharing options...
suggs Posted August 23, 2013 Share Posted August 23, 2013 I Have only started looking again at prices of property in Edinburgh i have not bothered for over a year now i note that 2 bed tenament flats in the Leith Area have now dropped to low seventy mark http://www.acandco.com/property/details/aacrps-EDI130052 This will bring the 1 bed ones in Leith Gorgie down to late 50k not any signs of HPI Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted August 24, 2013 Share Posted August 24, 2013 I Have only started looking again at prices of property in Edinburgh i have not bothered for over a year now i note that 2 bed tenament flats in the Leith Area have now dropped to low seventy mark http://www.acandco.c...acrps-EDI130052 This will bring the 1 bed ones in Leith Gorgie down to late 50k not any signs of HPI 50k is about right, you have no control over who your neighbours are, and the statutory repairs thing that the council used to oversee isn`t there any more? I just wouldn`t buy a tenement flat full stop. Quote Link to comment Share on other sites More sharing options...
drinks&smokes Posted September 18, 2013 Share Posted September 18, 2013 http://www.dailymail.co.uk/money/mortgageshome/article-2424110/Deflating-UKs-property-bubble-fears.html Okay it is the Daily hate but as I suspected. None of the properties I have been watching have sold this summer. Sellers are deluded if they think they will get 2007/8 plus prices! Watch the BBC hype on London and SE England believe that applies here too. Wrong. Quote Link to comment Share on other sites More sharing options...
Craig_ Posted September 20, 2013 Share Posted September 20, 2013 Starting to see new stuff come on at 2007 prices again and a (vey) rare sale at that level. Stuff on for years tends to be above 2004 price and needing modernising- see sales happening at 2004-5 level. My feeing is there is some bullishness in the EAs and HRs in recent months on price - but not translating to any sales yet. 'Tis interesting, a place just down the road from here (South Queensferry) went on the market a couple of days ago at about 20% over the going rate. Myself and Mrs M scoffed at the ludicrous greed of the sellers/EAs, but within a day it had gone Under Offer. So, either people are actually getting whipped up into a buying frenzy by H2B etc, or it's some sort of money laundering scam. Not sure which tbh... Quote Link to comment Share on other sites More sharing options...
MartinE Posted September 20, 2013 Share Posted September 20, 2013 They found their greater fool. Jammy gits Quote Link to comment Share on other sites More sharing options...
ccc Posted September 23, 2013 Share Posted September 23, 2013 Interesting. Gorgie 52k Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 23, 2013 Share Posted September 23, 2013 Interesting. Gorgie 52k BTL`er cashing out? There are so many flats to rent in Gorgie of that size it must be hard to avoid long void periods? Quote Link to comment Share on other sites More sharing options...
MartinE Posted September 26, 2013 Share Posted September 26, 2013 19/5 Simpson Loan, Quartermile, Edinburgh, EH3 9BS This made me chuckle - offers over 210k for 40m^2 . Even more so knowing they paid 200k in 2010 before incentives. http://www.espc.com/properties/details.aspx?pid=329584&sid=26963880289 Quote Link to comment Share on other sites More sharing options...
lulu Posted September 28, 2013 Share Posted September 28, 2013 'Tis interesting, a place just down the road from here (South Queensferry) went on the market a couple of days ago at about 20% over the going rate. Myself and Mrs M scoffed at the ludicrous greed of the sellers/EAs, but within a day it had gone Under Offer. So, either people are actually getting whipped up into a buying frenzy by H2B etc, or it's some sort of money laundering scam. Not sure which tbh... A friend of mine has just bought in South Queensferry - wouldn't tell me how much they had paid but thought it was a good deal as they are used to London prices.... Quote Link to comment Share on other sites More sharing options...
lulu Posted September 28, 2013 Share Posted September 28, 2013 Interesting. Gorgie 52k Well well well, that is quite a turnaround. It was not too long ago that there was nothing in Gorgie for less than £100K Quote Link to comment Share on other sites More sharing options...
suggs Posted September 30, 2013 Share Posted September 30, 2013 (edited) Well well well, that is quite a turnaround. It was not too long ago that there was nothing in Gorgie for less than £100K how the tide has turned you wont get a flat over 100k in gorgie these days in fact if you wander a little further out prices are even cheaper http://www.zoopla.co.uk/for-sale/details/29427511 Edited September 30, 2013 by suggs Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 2, 2013 Share Posted October 2, 2013 how the tide has turned you wont get a flat over 100k in gorgie these days in fact if you wander a little further out prices are even cheaper http://www.zoopla.co...etails/29427511 How much at peak I wonder? Quote Link to comment Share on other sites More sharing options...
geed Posted October 8, 2013 Share Posted October 8, 2013 How much at peak I wonder? BTL must be starting to make sense now? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted October 8, 2013 Share Posted October 8, 2013 (edited) BTL must be starting to make sense now? Well not really IMO, because there are too many competing flats in Gorgie/Dalry/Easter Rd and elsewhere, punters who made just average income filled their boots with BTL in the boom and now are desperately trying to fill the flats. Present landlord said it was a nightmare getting people who could regularly come up with £400 every month. But, yes you are right, picking up a flat like this for 40 - 50k would take the pressure off during void periods, I just don`t see the point when there are so many competing flats for rent? Edited October 8, 2013 by dances with sheeple Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 3, 2014 Share Posted January 3, 2014 Well well well, that is quite a turnaround. It was not too long ago that there was nothing in Gorgie for less than £100K Seems to be tons of property, all over Edinburgh, at well under 100k now? Quote Link to comment Share on other sites More sharing options...
MartinE Posted January 3, 2014 Share Posted January 3, 2014 Seems to be tons of property, all over Edinburgh, at well under 100k now? What was gorgie at peak?? Looks like the small one beds are down to 70k-ish asking. Quote Link to comment Share on other sites More sharing options...
ccc Posted January 4, 2014 Share Posted January 4, 2014 Average gorgie/Dalry one bed at peak was 129k Quote Link to comment Share on other sites More sharing options...
MartinE Posted January 4, 2014 Share Posted January 4, 2014 That is serious neg equity for some. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 5, 2014 Share Posted January 5, 2014 That is serious neg equity for some. That could be what, 60k neg equity if you bought at peak, and rising, because IMO they will go lower. 60k plus neg equity is life changing for someone on average wages? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted February 9, 2014 Share Posted February 9, 2014 Morningside 1 beds at under 100k now? Quote Link to comment Share on other sites More sharing options...
MartinE Posted February 20, 2014 Share Posted February 20, 2014 I think asking prices are up over the past few weeks. Seen some family home type props come on at 2007+ prices - all in tip top condition. Anything needing work is not ramping up the price though. Quote Link to comment Share on other sites More sharing options...
Scunnered Posted March 7, 2014 Share Posted March 7, 2014 (edited) Evening News: Edinburgh no longer most expensive for property That was at the start of 2013. But wait ... Edinburgh property hotspot as it overtakes GlasgowEDINBURGH has overtaken Glasgow as Scotland’s property hotspot. Figures for 2013 show house sales in the Capital outstripped those in the west by 24 per cent. Sales rocketed by 90 per cent across Edinburgh and the Lothians between December and February compared with the same period last year. That has led to a dramatic rise in prices, with homes in Stockbridge and Comely Bank now going for an average £256,623 – up 26.2 per cent – and the Leith Walk/Easter Road area, where a 16 per cent increase to £103,594 has been recorded. ... Rejoice! We're back on top! http://www.edinburghnews.scotsman.com/life-style/property/edinburgh-property-hotspot-as-it-overtakes-glasgow-1-3332280 Edited March 7, 2014 by Scunnered Quote Link to comment Share on other sites More sharing options...
MartinE Posted April 1, 2014 Share Posted April 1, 2014 One is 5 bedroom with 2 reception rooms the cheaper one was only 3 bedrooms. Kind of explains the difference that and the huge garden. Offers over 685k - sold for 705,885 Quote Link to comment Share on other sites More sharing options...
ccc Posted April 9, 2015 Share Posted April 9, 2015 (edited) This is interesting. 'Investment only' Our old pal Dj again as well. Why would they limit themselves to only investors ? Thoughts ? http://www.espc.com/properties/details.aspx?pid=349465&sid=9952731336 Edited April 9, 2015 by ccc Quote Link to comment Share on other sites More sharing options...
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