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Scottish papers hyping house prices

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  • Scottish papers hyping house prices

    I think the editors of the Scottish Sunday Express and Scottish Sunday Daily Mail must be trying to sell their houses - they seem desperate top hype the Scottish property market.

    Both papers have run headline stories about the great growth of Scottish property prices.

    One was pitching the idea of all Scottish properties doubling in price over the next ten years, while the other painted a rosy picture of Scottish house price growth compared to the UK.

    What I have a problem with is that *all* Scotland is being treated as a single market here - there's no accounting offered for regional variations, and from my own observations, there are clear differences across Scotland.

    For example, I'm closely watching the Inverness property market, and there are a lot of properties in the 200k-300k range that are simply not selling. Some have offered incentives such as 10k cashback and stamp duty paid, and others have not simply gone from offers over to fixed prices - but then even lowered their fixed prices. Conclusion - the Inverness property market has peaked.

    Where I'm living in at present - Clackmannanshire - that's another story. Prices here are still relatively low - you can get a four bedroom house for 200k, and it's in an excellent position for commuting to Glasgow and Edinburgh. On top of that it's got great countryside, with the Ochils proving a dramatic backdrop beween Stirling and Perth. On the estate where I'm renting the new builds that come up for sale are sold in a matter of weeks, and there's a new railway being built from Stirling to Alloa which is creating some hype. So this area still has a lot of growth in it.

    Overall, it's really frustrating not simply how difficult it is to get a closer idea of the regional variations in the Scottish property market - but also, the fact that the Sunday Scottish papers are trying to hype the market in a generic sense, I personally find unhelpful.

  • #2
    I agree that the papers are hyping in general rather than regionally. The market north of Inverness has been soft for a while while places like Perthshire are hot hot hot. It all depends on accessibility for weekenders for the most part too. Here in Angus, values are certainly rising, but I think it's all the people who sold their property for huge profits in Perthshire and are now relocating.

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    • #3
      Yes, it's funny noticing how people do that - sell from a pricey area and reinvest in a new area.

      Here in Clackmannanshire there's a lot of building going on and if I were looking to live somewhere just to see property values go up, then I'd stay here.

      We miss the sea, though...

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      • #4
        I thought I'd noticed a silly very very positive spin on buying in the papers recently but I thought it was just me, happy to see that others noticed it too. Selling must be really low there.

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        • #5
          I think the editors may be trying to sell property.

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          • #6
            I think so too. I was looking the other day at properties over in the West ...on the isles. Of course, many of them don't have great connections to major areas so the prices are bound to be much lower and they are. I saw some incredilbe buys if you don't mind somewhat remote.

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            • #7
              I would expect that the remote location certainly contributes to the lower prices - but if anyone were looking for a second home/holiday home or just general investment, something in a tourist-friendly Scottish location has to be a decent investment (though nt necessarily the best!).

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