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Monday, 7th July 2008

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Scottish house prices creep up



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SCOTLAND saw a two per cent rise in house prices in the last three months, Lloyds TSB property experts said today.
The increase comes after figures in the last quarter showed average house prices had experienced a fall for the first time in seven years.


The full article contains 50 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 15 May 2008 10:37 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Mortgage and property news
 
1

Maizy,

Edin 15/05/2008 13:27:36
That's what I'm talking about. This is just the exact thing I remarked on the other day that house prices did not seem to going down.
2

ccc,

15/05/2008 15:12:16
Maizy you are naive aren't you ? No offence.

Their last quarter release:

http://www.aboutproperty.co.uk/news/newsletter/first-fall-in-scottish-house-prices-in-7-years-$1204583.htm

This quarter release:

http://news.bbc.co.uk/1/hi/scotland/7401073.stm

So a rise from £163,211 to £163,639.

Please explain how that is a 2% rise in the last 3 months...

Maizy for your own sake.... WAKE UP !!!
3

YBF,

15/05/2008 17:39:07
#2 Do you actually believe what you read in the papers?

The EEN reported only 2 days ago, according to the RICS that the average house price actually fell in scotland bringing it into line wih the rest of the UK.

http://edinburghnews.scotsman.com/topstories/Scottish-house-prices-fall-for.4076548.jp

Who's telling the truth, is the average house price in Scotland £163,211 or is it £148,336 or are you in denial. Maybe you should be the one to wake up and not #1.
4

ccc,

15/05/2008 19:16:17
YBF.

I don't get what you are talking about?

I don't believe what I read in the papers. That was sort of my whole point...

5

Wurg,

Edinburgh 25/05/2008 23:45:17
There are lies damn lies and statistics....

The average house price is not sufficient evidence on its own to say house prices are rising or falling. This is especially true when sale numbers are depressed or when the market is experiencing a fundamental change.

Consider the following.

In each of quarters 1 and 2 a developer has 100 houses to sell. 75 are at a fixed price of of £150K and 25 are at a fixed price of £300K.

In quarter 1 he sells all his houses. In quarter 2 however he notices a decline in first time buyer interest and sells all of the £300K houses but only 74 of the £150K houses.

In this example the average selling price is higher in quarter 2 but the developer is worse off as he is stuck with one unsold property.

Looking at for sale signs around Edinburgh, there is no doubt that properties likely to interest first time buyers are sticking. If the number or these properties selling declines more than the number of more expensive properties average prices may rise without the cost of typical house getting any higher.

Percentile values including the median (middle number in a list)are a better indicator of actual house prices These should ideally be divided into categories, number of bedrooms, flat, terrace detached etc.

A an established Scottish newspapers I request that you provide the public with a proper independent statistical analysis of what is actually going on. Personally I have had enough of hearing the ESPC line that Edinburgh prices are so robust that they are immune from the global credit crisis.





6

jimb4abobor2,

edinburgh 30/05/2008 10:33:44
As a young lad i worked in the housing industrie and for me there is no house in this planet worth what they ask for them. £163.000 for a 2 bedroom property. after all when you see what goes into them and how they are built they are not worth it. The whole story begins with the owner the more they get the more they want and again they are not interested in the homeless as they dont have a big enough income to to help them keep there high status and there place in the upper society ladder.What really needs to happen is houses should be capped in the market and so should fuel companies. Like 1 bed = no more than say £70,000, 2 bed £90.000, 3 bed £110.000, 4 bed £125.00 and so on after all they are not sound proof or very well insulated to an required standard,fair play i see the need for business to make a profit but not millions on a few flats you dont become millionares over night you have to work almost a life time for it. time they started to build council houses again in the capital not demolishing and selling land for huge profits and normal rentig people not even getting on the ladder most schemes in edinburgh are being demolished and replaced buy private companies to sell houses so where do the council tenants go ???? you tell me as i dont know i wonder how much council tax a cave will be and how much they would sell that for because i'ts comeing that way.

 

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