Wednesday, July 2, 2008

House price warning for Scots as regional variations mask stagnation in market

House price warning for Scots as regional variations mask stagnation in market

COTTISH homeowners were last night warned they are not immune to the global credit crunch and will face tough times for at least a year – despite figures showing the country is the only one in the UK to buck a national house price slump.

Posted by housebear @ 10:37 AM (503 views)
Please complete the required fields.



5 thoughts on “House price warning for Scots as regional variations mask stagnation in market

  • We are in the same boat as the rest of the country, prices have started to slide,so much property in my area(morayshire) now unsold and on fixed prices and still not moving.Whoever said we would be immune to any hpc was talking out of their ar$e.

    Reply
    Please complete the required fields.



  • Again, an article “warning” about likely house price falls as if they were a bad thing. Last night the ITV news were misinterpreting the figures, pretty much a la BBC – “but in Scotland prices are still rising, they’re up 0.6%’!! That’s a YOY figure of course, prices have been declining for two successive quarters.
    If this kind of irresponsible reporting could have been prevented maybe my sister wouldn’t have bought a big detached house in Dundee last September and my young niece wouldn’t have bought an overpriced flat in Kirkcaldy early this year. It’s a tragedy that will play out all over the country. People like to say that HP inflation hasn’t been as rampant in Scotalnd and so it will not have as severe an HPC as England. Hello, prices have pretty much trebled in places that used to be dirt cheap such as Fife and cannot be sustainable as average wages are very low.

    Reply
    Please complete the required fields.



  • japanese uncle says:

    There is no atonement for those who danced deadly property polka.

    Reply
    Please complete the required fields.



  • Crashonitsway says:

    According to the trend (a fall in two consecutive quarters), soon Scotland will join elsewhere in the UK seeing a negative y-o-y figure. It is just a matter of time really.

    Reply
    Please complete the required fields.



  • The area I live in in scotland there are quite a few houses on the market, they have been on the market all year and have little interest. There is a house behind mine forsale and it has had 2 viewings in the last 6 months and neither of those actually entered the property. They just looked at the outside, decided it was overpriced and drove off.

    The situation is as bad here as anywhere, but people think it is immune to a HPC and are quite happy to sit on there property for 6 months without a single offer. Many of the new house builds have been delayed for almost a year, they started, stopped and applied for grants, started again, stopped again. etc. etc. One development failed to sell a single house and now all are rented out.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>