Friday, May 14, 2010

House Price Increase

Our house went on the market yesterday! If it sells then we should be able to move to Scotland before too long. However, the latest news about property prices rising so high (and so fast) is very worrying and will make things difficult for us:

"INVERCLYDE Has Biggest House Price Rise
(04 May 2010)

AVERAGE property prices in Inverclyde in the first three months of 2010 increased by more than anywhere else in Scotland.Figures from the Government’s Registers of Scotland show that house prices in Inverclyde between January and March rose by 27.7 per cent compared with the same period in 2009.

The average price of a property went up almost £30,000 from £102,493 to £130,856.This was the highest increase in Scotland. Argyll and Bute had the next highest increase – 18.8 per cent. The average Scottish rise was 5.4 per cent and the Scottish average house price was £147,854.

Inverclyde had a 0.8 per cent house price increase between the final quarter of 2009 and the first quarter of 2010, compared with a fall in the Scottish average price of five per cent."

(Source: 'Inverclyde News')


Gerda said...

Wow, that is a huge price rise Jane! I do hope you will be able to accomplish your plans!
(remember me?)

Jane said...

Thank you Gerda! I do remember you - it's so kind of you to write!

Lydia said...

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Anonymous said...

Keep your spirits up Jane,I feel sure you will find something soon.Before you know it you will be enjoying your fish tea at Nardinis!


Jane said...

Thanks so much Gerry, that's really nice of you. I'll keep my fingers crossed and we'll see what happens!

(Thanks Lydia too)

Kirigalpoththa said...

I will never be able to buy a property at that range :)

Hope you'll get a good rate for your house..

Jane said...

Thanks Kirigalpoththa!

Anonymous said...

Jane, that report was misleading and pretty annoying since we were in the midst of buying and selling in Inverclyde. The figures may have been accurate but they are skewed by the number of higher priced new builds on the market. In actual fact prices have been dropping in the area consistently (much like everywhere)and if you're watching you should see prices are generally coming in below home report valuation. Reports like these are common in local press presumably in an attempt to buoy up the market. Hope you have some luck selling and buying.

Jane said...

Thanks very much for your comment - it's very interesting and gives me a fresh view on this situation. Perhaps, if I can ever sell my house in Wales I shall be able to move to Scotland next year. Watch this space!!