2010

2010 (12)

Green shoots

It’s been quite a start to the year and one that we didn’t expect.  Breathe it softly but…the property market in Edinburgh at least seems to be returning to some semblance of health.  If you’ve been following my updates for some time now then you’ll know that I have been fairly unoptimistic about the state of the market for some time so it will come as no surprise that I temper this good news with a little caution too!

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Ho Ho Ho, Welcome to the Christmas Property Market Update!

‘Tis the season to be jolly, tralalalala la la la la.  ‘Tis also the season to look back at the housing market in the year gone by and to make some predictions as to what might happen in the year to come.  That, admittedly, is less exciting and less traditional than being jolly.  But I’m an estate agent, not Santa, so it’s hopefully not entirely unexpected and I’ll do what I can to keep this Update more ‘It’s a Wonderful Life’ and less ‘Scrooged’.  Double dip recession and housing market crash…bah humbug to the idea!

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October, October, why have thou forsaken me?

In August we were reporting the busiest month that we've ever had and I was questioning whether the old wisdom about spring and autumn being the best months in the property market really applied any more.  And then October happened...oh, October.

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As always, I’ll give you a little indication of what I’m personally seeing happening in the property market at the moment and then an overview of what the wider Press is reporting has been happening.  I’ll start with what I’m actually seeing, based on my experience as the owner of a solicitor/estate agency firm.

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What's Happening in the Property Market in August aka Did Anyone Actually Go on Holiday This Year?

I'm not going to write a huge amount this month as, property-wise, it's been a bit of a slow news month. Nothing particularly shocking has been published or indeed happened, I could have my regular rant about inconsistent property-related reporting in the Press but that's going to be becoming pretty old hat pretty quickly, so there's not really a huge amount to report.

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What’s the Property Market Like at the Moment?  Summary: It’s a Charlotte Church Property Market

‘What?’, I hear you gasp, ‘I do hope that he’s not being mean to National Treasure and no.2 only to Cheryl Cole in the nation’s collective affections?’

No, of course I’m not being mean to her.  I think she’s a very talented lady.

What I am getting at is that the Press’s reporting of the property market in the past couple of months has started to resemble the way that the Press report on Charlotte Church’s weight or relationships.  In other words, it’s all ‘Is the Property Market Putting on the Pounds? Property Market’s OWN Story, Exclusively in the Evening Times’, ‘Property Market in Turmoil: Property Market Speaks Out Over Shock Contraction’, ‘Lenders Dump Property Market and Go on Weekend Bender With the Bank of England Lads: Property Market Left Holding the Baby’, or ‘Property Market Frolicks With Gavin on the Beach in Thailand’ etc etc.  And all of this in different publications in the same week.

Which leaves us screaming in anguish the very same question that we do when reading about poor Charlotte, National Treasure: WHAT ON EARTH IS ACTUALLY GOING ON, IT CAN’T ALL BE TRUE, CAN IT…?!!!

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Apologies for the slightly late posting of this month’s property market update.  The only excuse I have is that, as business goes from strength to strength, our head valuer has been off on holiday this past week and a half and I am filling in for him in his absence and, quite honestly, I’ve got some idea of just how much he gets through in a day now: kudos indeed!

Anyway, this month’s Property Market Update is overwhelmingly positive.  We all like good news so here goes…

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May 2010 - Monthly Scottish Property Market Update

My last monthly property market update went out just before the General Election.  Since then the political landscape in the UK has changed dramatically. 

The big question for this monthly Scottish property market update is: what is happening in the property market today and how will the result of the General Election affect the property market in Scotland?  

I’ve also put some tips in here about how to help your property stand out and to sell in what continues to be a very challenging market in most areas.  I hope you will find it useful and engage in the debate!

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Property Market Update - April 2010 - General Election Special!

It's been understated, dignified throughout and in no way resembled children chucking mud at each other in a playground: yes, I'm talking about the General Election.  Mercifully we are almost at the end of the campaign and in less than a week it will be all over.  At that point we can finally resume focus on some of the things that have been getting less column inches than they deserve in the past few weeks, most notably Inter Milan reaching the Champions League final, my band's gig at the Bongo Club last Friday and, of course, property market news.

However, never being one to shy away from jumping on a zeitgeisty bandwagon (or to invent a new word like 'zeitgeisty'), I thought that I'd style the April 2010 Property Market Update as an 'Election Special'.  You can rest assured, however, that there won't be another Election Special for another five years.  So, on with the show...

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Hmmm…so I had a meeting with a lady today who works with a lot of estate agents and she tilted her head sympathetically to one side and asked how things were going. She clearly expected the news to be dire! She seemed genuinely surprised to hear that things were going really well. The news she is hearing from most solicitors and estate agents at the moment must still be overwhelmingly negative.

The Press is reporting drops in mortgage lending and yet reporting rising house prices and lots of estate agents and solicitors still seem to be very down in the mouth, so it’s not surprising that people don’t really know what’s happening in the property market at the moment. My job here is to try and cut through this and to let you know exactly what is happening to the property market at the moment. So here goes…

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About This Blog

I'm Robert Carroll, Managing Director of MOV8 Real Estate, Estate Agents and Solicitors. MOV8 is an innovative and forward-thinking estate agency and solicitor firm with its Head Office in Edinburgh, UK. It is one of the fastest growing firms in the east of Scotland.

I see first-hand every day what is actually happening in the property market and am regularly quoted in the Scottish Press in property stories.

Through this blog I aim to give an honest, fresh and sometimes light hearted take on what is happening in the Scottish property market for anyone who is interested in that kind of thing...

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