Opinion Pieces (11)
Is the Perceived Wisdom About Selling a Property in the Spring Indeed Wisdom or is it Folly?
Written by Robert CarrollLet me say, first of all, that my opinion on this is based on what I have seen happening in the property market over several years. Let me also say that, whether you want to put your property on the market now or in Spring, if it is well marketed and correctly priced, it will sell. The question here is not whether, if you put your property on the market in January rather than April, or vice versa, you have made a mistake. The question is rather: if you would be happy to consider putting your property on the market sooner than Spring, is this going to be a bad decision?
Comments (Why Use MOV8 Real Estate to Sell Your Property? Check Out Our Funky New Video!
Written by Robert CarrollHere's the funky new video, giving just a few reasons why, if you're thinking of selling your property in Edinburgh, West Lothian, East Lothian, Midlothian or the Scottish Borders you should give MOV8 Real Estate, Estate Agents and Solicitors, a call first!
Comments (
Three Year Anniversary of Home Reports in Scotland: Have They Been a Success or Failure?
Written by Robert Carroll
It's nearly three years now since the introduction of Home Reports in Scotland. The general consensus in the property and estate agency industry is that they have been bad news. So it might surprise you to know that, as someone who runs a firm of estate agents, I actually think that the Home Reports have been good for the Scottish property market. Why?
Comments (Graph of UK Property Market Supply and Demand Since 2004: Very Surprising, and Positive
Written by Robert CarrollI found a fascinating graph today on Twitter, created and posted by Henry Pryor, one of the UK's most well-known property market commentators (@HenryPryor). The graph tracks the levels of supply and demand for property since 2004. It basically seems to show that (a) you are just a likely to sell your property now as you were during some of the 'boom' times, and (b) levels of buyer interest in buying property are pretty consistent throughout the year, even through the winter months when many sellers are thinking that it's best to wait till spring to try and sell. First the graph, then the comment...!
Comments (Do High Up Front Costs Put You Off Selling Your Property in Scotland? For Example Home Reports and Advertising?
Written by Robert CarrollI'm trying to guage the fellings of potential property sellers in Scotland towards the level of up-front costs that they have to bear if they want to put their property on the market. In particular, is it putting people off selling?
Comments (Predictions for the Property Market in Scotland for the Next Year or Two. Will Property Prices Fall, Will There Be More Buyers, Are Attitudes to Home Ownership Changing, and the Like...
Written by Robert CarrollI was asked recently to provide some predictions for a national newspaper about where the property market was heading for the next couple of years. The questions got me thinking in some detail about these issues and I ended up writing a lot more than I actually sent back to the paper: certainly more than they needed! However, for anyone who's interested, this is what I saw when I looked into my crystal ball...
Comments (Why Property Price Statistics Don't Tell Us the Full Story About the Property Crash AND Is the Auction Price an Accurate Reflection of What is Happening in the Property Market? Reaction to Moneyweek Blog Article.
Written by Robert CarrollI was prompted to write this article by an article that I read in Moneyweek's Blog the other day:
http://www.moneyweek.com/blog/is-buying-property-cheaper-than-renting-dont-be-so-sure-55628
It was based on an example of a property that has 'fallen in value' by 37%. That property was sold at auction. The article then went on to outline that the property price at auction is a fair reflection of the state of the market than statistics based on the actual sales that are recorded on the basis that the actual sales recorded are the best examples of properties on the market.
There is a LOT that I disagree with in the article: mainly that an auction price is in any way reflective of the true state of the property market. However, I'll start with what I do agree with, that the property price statistics that are widely reported DON'T show us the full extent of the property market crash...
Comments (Will property and house prices fall in Scotland? Will property and house prices fall in Edinburgh, Lothians, the Borders and Glasgow?
Written by Robert CarrollLots of surveys and statistics around, but which of them are true? And are property prices falling in Scotland?
Recently released statistics from the Department for Communities and Local Government show an annual fall in property prices in Scotland in the past year of 2.3%.
Meantime, Rightmove's latest House Price Index showed the average asking price increased by 0.7 per cent over the month to £233,139, following a drop of 2.1 per cent between July and August. This is a UK statistic, not a Scottish one, and I've already blogged about why asking price statistics aren't terribly useful: http://mov8realestate.com/blog/item/99-homecouk-september-home-asking-price-index-shows-property-prices-in-scotland-and-the-uk-are-down.html
Comments (Twitter - Reputation Risk of Your Twitter Account Being Hacked
Written by Robert CarrollJust this weekend I had the first warning shot of how dangerous Twitter can potentially be to your reputation. And it wasn't from accidentally posting offensive material, someone drunk using my computer at night, or any of the hundreds of other, slightly obvious, ways in which Twitter can be pretty harmful to the way people look at you. It was through accidentally spreading a bit of malware which, frankly, I hadn't really considered to be too much of a risk.
On Saturday evening at around 10.30pm I got an SMS from a friend who follows us on Twitter (@mov8realestate) to tell me that it looked like our Twitter account had been hacked. He had just received a Direct Message (DM) from us, asking him to click on a link that Twitter marked as fraudulent. Fortunately I was on my way home after deciding to have a relatively early night, dashed to the computer, changed our passwords, tweeted to let people know what had happened and asking them not to click on any links that were apparently sent from us. How did it happen? Really simple...
Comments (Are Property Prices in Scotland Going Up or Down?
Written by Robert CarrollThere's been a lot written in the Press in the past few days about property prices. There's been the usual house price reports from lenders, the RICS (Royal Institute of Chartered Surveyors) property market report, our own ESPC (Edinburgh Solicitors Property Centre) report too. The ESPC report is probably most applicable to ourselves as we market most of our properties on the east coast of Scotland. However, we do market properties across the Central Belt of Scotland and indeed as far west as Mull, so we have a keen eye on what is happening on the west coast and across the Central Belt. So what's my personal take on what's happening with property prices at the moment, based on what is being written and also what I am seeing 'on the ground'? Read on...!
Comments (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...
Recent Articles
- Monthly Scottish Property Market News and Comment - What's Happening in the Property Market and Property Prices in Scotland? April 2012
- Monthly Scottish Property Market News and Comment - What's Happening in the Property Market and Property Prices in Scotland? March 2012
- Budget 2012 - What Do the Stamp Duty Changes Mean for Property Buyers and Sellers in Scotland?
- Monthly Scottish Property Market News and Comment - What's Happening in the Property Market and Property Prices in Scotland? February 2012
- Is the Perceived Wisdom About Selling a Property in the Spring Indeed Wisdom or is it Folly?
- Monthly Scottish Property Market News and Comment - What's Happening in the Property Market and Property Prices in Scotland? January 2012
- Monthly Scottish Property Market News and Comment - What's Happening in the Property Market and Property Prices in Scotland? November 2011
- The Government Backed First Time Buyer 95% (percent) mortgages scheme - how will it benefit you in Scotland and does it apply to Scotland?
- Why Use MOV8 Real Estate to Sell Your Property? Check Out Our Funky New Video!
- Three Year Anniversary of Home Reports in Scotland: Have They Been a Success or Failure?
- Negative Equity: How to Avoid Being 'Stuck' in Your Own Property - What Are Your Options?
- Half Price Home Reports by MOV8 Real Estate - Save Money on Your ESPC Property Sale Today!
- Monthly Scottish Property Market News and Comment - What's Happening in the Property Market and Property Prices in Scotland? October 2011
- Graph of UK Property Market Supply and Demand Since 2004: Very Surprising, and Positive
- RICS Housing Market Survey September 2011, What Does It Mean for Property Scotland, Are Property and House Prices Rising or Falling?