ccc Posted January 15, 2016 Share Posted January 15, 2016 The individual area % have always shown huge variables. I wouldn't take much notice. It's the overall number that's worth looking at - although thete has clearly been movement up - 7% seems high compared to whatvi have been looking at. Quote Link to comment Share on other sites More sharing options...
ccc Posted February 2, 2016 Share Posted February 2, 2016 https://www.ros.gov.uk/__data/assets/pdf_file/0003/34194/RoS-statistical-report-Oct-Dec-2015.pdf Courtesy of the Aberdeen thread. I honestly dont know where the 'average' and 'mean' Edinburgh % change over the past year come from - when you look at the break down for 'type. It makes no sense. Any statisticaly minded folk out there have a clue ? Average price: Detached - 4.4 Semi -0.4 Terraced - 2.3 Flat + 1.9 TOTAL + 3.2% Median price: Detached 0.0 Semi + 0.6 Terraced + 3.1 Flat + 5.3 TOTAL + 8.4% Quote Link to comment Share on other sites More sharing options...
reverand_cat Posted February 2, 2016 Share Posted February 2, 2016 https://www.ros.gov.uk/__data/assets/pdf_file/0003/34194/RoS-statistical-report-Oct-Dec-2015.pdf Courtesy of the Aberdeen thread. I honestly dont know where the 'average' and 'mean' Edinburgh % change over the past year come from - when you look at the break down for 'type. It makes no sense. Any statisticaly minded folk out there have a clue ? Average price: Detached - 4.4 Semi -0.4 Terraced - 2.3 Flat + 1.9 TOTAL + 3.2% Median price: Detached 0.0 Semi + 0.6 Terraced + 3.1 Flat + 5.3 TOTAL + 8.4% I think it is down to new builds skewing the figures. I out explanation in Aberdeen thread. Quote Link to comment Share on other sites More sharing options...
reverand_cat Posted February 2, 2016 Share Posted February 2, 2016 (edited) https://www.ros.gov.uk/__data/assets/pdf_file/0003/34194/RoS-statistical-report-Oct-Dec-2015.pdf Courtesy of the Aberdeen thread. I honestly dont know where the 'average' and 'mean' Edinburgh % change over the past year come from - when you look at the break down for 'type. It makes no sense. Any statisticaly minded folk out there have a clue ? Average price: Detached - 4.4 Semi -0.4 Terraced - 2.3 Flat + 1.9 TOTAL + 3.2% Median price: Detached 0.0 Semi + 0.6 Terraced + 3.1 Flat + 5.3 TOTAL + 8.4% I think it is down to new builds skewing the figures. I put explanation in Aberdeen thread. Edited February 2, 2016 by reverand_cat Quote Link to comment Share on other sites More sharing options...
Craig_ Posted February 8, 2016 Share Posted February 8, 2016 On reflection, I wonder if the increases in Dalmeny and South Queensferry can be explained by new builds coming on stream out that way, for which one pays the usual 1st owner new build premium. Prices of those would be above the value of existing older 3 bed houses in the area, significantly raising average values if the new builds hadn't been built the previous year. As such it wouldn't really be that prices had risen by 20% on the back of increased demand, but rather that a change in the nature of the housing stock available in the area had altered average prices. Think you're absolutely correct. There's been some ridiculously-price new build properties selling over towards the train station. 4/5 bedrooms for £5-600k. Insane. Quote Link to comment Share on other sites More sharing options...
fluteroop Posted February 9, 2016 Share Posted February 9, 2016 Edinburgh is in for a big shock at some point. Things have been insane for years, although it's such a fashion-led market that there are in fact some little gems that crop up below 150k. Quote Link to comment Share on other sites More sharing options...
delboypass Posted February 11, 2016 Share Posted February 11, 2016 I think it is down to new builds skewing the figures. I put explanation in Aberdeen thread. For definition and examples of Average vs Median - see this link... http://phoenix.about.com/od/homeprices/qt/median-vs-average.htm The example is even denoted in real estate prices to show you how figures can be skewed. Quote Link to comment Share on other sites More sharing options...
ccc Posted February 18, 2016 Share Posted February 18, 2016 (edited) Had a look at the latest ESPC report. Average prices YOY for East Scotland are flat. Well in fact down 0.01% but thats not important. The press release of course starts with the Edinburgh average price which is up a few % instead. Also noticed that the Gorgie/Dalry section of their table has been extended to include shandon and Chesser. Similarly Leith Walk and Easter Road now includes Bonnington and Pilrig. Strangely enough the average sales price for these areas has shot up over the last year. No little asterix I can see on this report to note this change. There are definately a fair few sold signs around just now. I know of a few people buying, prices are certainly creeping up a little - HOWEVER - I dont think things in and around Edinburgh are quite as 'up and coming' and rosy as the usual pundits would have us believe. Edited February 18, 2016 by ccc Quote Link to comment Share on other sites More sharing options...
Barnsey Posted February 18, 2016 Share Posted February 18, 2016 Perhaps Edinburgh % linked to the BTL brigade buying up their last nest eggs before April? Will be interesting to see if things take a dramatic turn after then as the city has such a huge BTL sector, with average profits to turn negative in the next couple years even if the interest rate stays at 0.5%. And that's ignoring the fallout of a possible Brexit vote upsetting the union and the looming recession. Interesting times indeed. Have been looking at property around Dunfermline and it's crept back up to 2007 levels but down in real terms of course, looking very tempting for a move back up to Scotland, the madness of the SE is really getting to me now. Quote Link to comment Share on other sites More sharing options...
ccc Posted February 18, 2016 Share Posted February 18, 2016 (edited) Dunfermline didnt really seem to join the big bubble like Edinburgh. Must have risen a bit at that time - but nothing like Edinburgh. I have never looked at places over there in the last 10 years and instantly thought - thats nuts. Have a look at ourproperty and see if any of the places you are looking at were sold in 2006-2007 maybe ? I imagine most are still under those prices even today ? I could be wrong of course as not really tracked it very closely. Edited February 18, 2016 by ccc Quote Link to comment Share on other sites More sharing options...
Barnsey Posted February 18, 2016 Share Posted February 18, 2016 Thanks for the website recommendation had no idea about it, very useful! Looks like most properties sold in 06/07 are back around their 2007 values now, well above their 2009 lows. Many 2/3 bed semi-detached around 125-150k in 2007 and now 2015 bottomed out around 110-125 in 2009. Would be quite happy if they went back to those levels in the next couple years although hardly dramatic falls compared to the potential down here Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted February 18, 2016 Share Posted February 18, 2016 Had a look at the latest ESPC report. Average prices YOY for East Scotland are flat. Well in fact down 0.01% but thats not important. The press release of course starts with the Edinburgh average price which is up a few % instead. Also noticed that the Gorgie/Dalry section of their table has been extended to include shandon and Chesser. Similarly Leith Walk and Easter Road now includes Bonnington and Pilrig. Strangely enough the average sales price for these areas has shot up over the last year. No little asterix I can see on this report to note this change. There are definately a fair few sold signs around just now. I know of a few people buying, prices are certainly creeping up a little - HOWEVER - I dont think things in and around Edinburgh are quite as 'up and coming' and rosy as the usual pundits would have us believe. Heard someone lecturing/informing a couple of young guys about the "Big Short", subprime, liar loans, how leverage works against you on the way down, plus how the MSM spins our relationship with the EZ, it was on a Glasgow to Edinburgh train this afternoon, couldn`t quite believe my ears! Felt like a secret agent in occupied France twigging that someone else is also a secret agent... Was that you or someone else who posts on here? Really encouraging to hear this getting aired in public. Quote Link to comment Share on other sites More sharing options...
ccc Posted February 18, 2016 Share Posted February 18, 2016 Not me - there are actually quite a lot of people who have similar views - nothing like the standard brainwashed view though. Quote Link to comment Share on other sites More sharing options...
toreveal Posted February 22, 2016 Share Posted February 22, 2016 There are definately a fair few sold signs around just now. I know of a few people buying, prices are certainly creeping up a little - HOWEVER - I dont think things in and around Edinburgh are quite as 'up and coming' and rosy as the usual pundits would have us believe. It's jumping in Abbeyhill/Meadowbank at the moment . I viewed a property in Abbeyhill last Tuesday which had 12 notes of interest within 6 days of going on espc, with a closing date Wednesday. I was one of the bidders and I wasn't successful despite giving 6.3% over valuation. I guess this is towards the lower end of the market (150000+ and probably people priced out of Hillside etc are looking to see what they can get close by. But I've noticed some more expensive properties on the East side going to closing very quickly lately. Also Pilrig is showing increased prices and faster closings too.... Quote Link to comment Share on other sites More sharing options...
ccc Posted February 25, 2016 Share Posted February 25, 2016 If anyone wants a laugh pick up a paper copy of this months ESPC. On page 7 - advert for Bellway they have a piece on their new builds at Dukes Meadow in Dalkeith. "Conveniently located just outside of Edinburgh CITY CENTRE" I wouldn't class 7 miles as "just outside" but I am not a savvy property investor so what would I know. Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted February 27, 2016 Share Posted February 27, 2016 (edited) Leith, 1972. Will it be back to this after the crash? Edited February 27, 2016 by Silverfinger Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted February 27, 2016 Share Posted February 27, 2016 If anyone wants a laugh pick up a paper copy of this months ESPC. On page 7 - advert for Bellway they have a piece on their new builds at Dukes Meadow in Dalkeith. "Conveniently located just outside of Edinburgh CITY CENTRE" I wouldn't class 7 miles as "just outside" but I am not a savvy property investor so what would I know. At least you're going to be close to IKEA. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted March 1, 2016 Share Posted March 1, 2016 (edited) It's jumping in Abbeyhill/Meadowbank at the moment . I viewed a property in Abbeyhill last Tuesday which had 12 notes of interest within 6 days of going on espc, with a closing date Wednesday. I was one of the bidders and I wasn't successful despite giving 6.3% over valuation. I guess this is towards the lower end of the market (150000+ and probably people priced out of Hillside etc are looking to see what they can get close by. But I've noticed some more expensive properties on the East side going to closing very quickly lately. Also Pilrig is showing increased prices and faster closings too.... http://3.bp.blogspot.com/-fxmNnbCu7qs/UBCZ7E3plHI/AAAAAAAAAPs/G8-UmulitHY/s1600/meadows48arthursseat.jpg Being so close to open spaces like this makes Meadowbank/Abbeyhill etc. more appealing than the actual flats would be in a more built up area IMO (this shot is from the Meadows looks like so not really the view from Meadowbank/Abbeyhill, but you have Holyrood Park on your doorstep at Meadowbank and a 15 minute walk to say Dunsapie Loch gives you this ... http://s0.geograph.org.uk/geophotos/03/72/40/3724042_9eac6a7a.jpg ..and even closer, five minutes if that from my old flat at Meadowbank (Yes MSE`ers £400p.m from a private landlord) you get this... http://tocontandoashoras.files.wordpress.com/2012/11/edimbraaa-nov-2011-134.jpg All goes to make the "Tenement Lifestyle" more bearable I say... Edited March 1, 2016 by dances with sheeple Quote Link to comment Share on other sites More sharing options...
toreveal Posted March 7, 2016 Share Posted March 7, 2016 http://3.bp.blogspot.com/-fxmNnbCu7qs/UBCZ7E3plHI/AAAAAAAAAPs/G8-UmulitHY/s1600/meadows48arthursseat.jpg Being so close to open spaces like this makes Meadowbank/Abbeyhill etc. more appealing than the actual flats would be in a more built up area IMO (this shot is from the Meadows looks like so not really the view from Meadowbank/Abbeyhill, but you have Holyrood Park on your doorstep at Meadowbank Why do you think I was looking at that area ;-) Quote Link to comment Share on other sites More sharing options...
ccc Posted March 7, 2016 Share Posted March 7, 2016 Leith, 1972. Will it be back to this after the crash? Much of Leith looks like that already. Its only certain parts of it that have been 'ponced' up. Loads of it is still an absolute hole. Quote Link to comment Share on other sites More sharing options...
Craig_ Posted March 8, 2016 Share Posted March 8, 2016 Much of Leith looks like that already. Its only certain parts of it that have been 'ponced' up. Loads of it is still an absolute hole. Indeed. Hasn't changed a bit, except for all the PCP-ed Minis and Fiat 500s clogging up the streets. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted March 9, 2016 Share Posted March 9, 2016 Much of Leith looks like that already. Its only certain parts of it that have been 'ponced' up. Loads of it is still an absolute hole. The kids in that shot are probably healthier and happier than their equivalents today? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted March 9, 2016 Share Posted March 9, 2016 Indeed. Hasn't changed a bit, except for all the PCP-ed Minis and Fiat 500s clogging up the streets. Yep, the sheeple have been well and truly mugged by the debt monster. Pathetic really. Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted March 19, 2016 Share Posted March 19, 2016 (edited) http://3.bp.blogspot.com/-fxmNnbCu7qs/UBCZ7E3plHI/AAAAAAAAAPs/G8-UmulitHY/s1600/meadows48arthursseat.jpg Being so close to open spaces like this makes Meadowbank/Abbeyhill etc. more appealing than the actual flats would be in a more built up area IMO (this shot is from the Meadows looks like so not really the view from Meadowbank/Abbeyhill, but you have Holyrood Park on your doorstep at Meadowbank and a 15 minute walk to say Dunsapie Loch gives you this ... http://s0.geograph.org.uk/geophotos/03/72/40/3724042_9eac6a7a.jpg ..and even closer, five minutes if that from my old flat at Meadowbank (Yes MSE`ers £400p.m from a private landlord) you get this... http://tocontandoashoras.files.wordpress.com/2012/11/edimbraaa-nov-2011-134.jpg All goes to make the "Tenement Lifestyle" more bearable I say... There also are quite a few parks in Leith, just take Dalmeny, Pilrig, or the Links. I was lucky enough to live with park views, so the appartment was always bright and you could always go out for a walk. Also, I always greatly enjoyed the walks along the Water of Leith and down to the coast around Newhaven (getting a snack at the Loch Fyne or at the Old Chain Pier). A very nice park is Starbank, with views of the Firth. Anyhoo, I miss it a lot, but had to move on... Edited March 19, 2016 by Silverfinger Quote Link to comment Share on other sites More sharing options...
catmandu Posted March 19, 2016 Share Posted March 19, 2016 Parks are great, dog owners that use them - less so. Stick to the paths and keep your eyes on the ground you are stepping on. That advice goes for the whole of Leith in my opinion (and abundant experience). Quote Link to comment Share on other sites More sharing options...
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