Wednesday, August 15, 2007

Housing boom coming to an end

Housing boom 'coming to an end'

Scotland's housing price boom is coming to an end, experts have predicted. If the cracks are showing in Scotland now, how's it going to look come the end of the year when the effects of the last few interest rates have shaken down?

Posted by bunnykins @ 10:37 AM (462 views)
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4 thoughts on “Housing boom coming to an end

  • The average house price has risen in Fife. OK, I’ll go along with that, but IMHO this is likely to be heavily influenced by the large number of 4+ bedroom newbuilds springing up, in towns like Dunfermline, Leven, Kirkcaldy & Glenrothes. A higher percentage of expensive larger homes leads to higher average home prices.

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  • “In the three months to July 2007, property prices in Glasgow and Aberdeen fell by 1.2% and 1.4% respectively, compared with the previous quarter…..There was a 10% fall in prices in the south east (excluding Edinburgh) and a 2.5% drop in the south west (excluding Glasgow).”

    And here’s the analysis from the great professor:

    “Prof MacRae added: “The rate of increase of house prices in Scotland has slowed significantly but a fall in house prices remains unlikely. ”

    This guy’s really on the ball!

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  • “There was a 10 per cent fall in prices in south-east Scotland”

    This aint a correction it is a crash! Anyone know if it is a typo or not

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