Home.co.uk September Home Asking Price Index Shows Property Prices in Scotland and the UK are Down

Home.co.uk, a ‘scraper’ property website that harvests data from other websites and collects it all into one website, has reported that asking prices have dropped. http://www.home.co.uk/guides/news/story.htm?uk_home_prices_take_a_seasonal_dip

Scotland has witnessed a 1.2 per cent drop in asking price in that period. England and Wales 0.2% drop.

The question is, of course, so what? This is a survey of ASKING prices, not selling prices and so could indicate a different mix of properties coming to the market or that sellers’ expectations on price are lower or more realistic.

Asking price is clearly not the same as selling price. It’s the selling prices that we have to take our guidance from. They might well say the same thing, but at least then we’ll know!


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