UK Market Forecast - Dundee

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Rosinsky

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In a previous post I indicated Scotland to be a good option for 2008 and it appears that Nationwide believes it would also remain one of the stronger options for 2008.

The capital growth is going to be low on average, especially in the some of the big cities - Scotland on average 4% ( UK 0% average).

However, affordability still remains very healthy. Target city of choice: Dundee.

Does anyone have specific view on this city?


Market forecast 2008: [broken link removed]
 
Re: UK Market Forecast

Rosinsky said:
In a previous post I indicated Scotland to be a good option for 2008 and it appears that Nationwide believes it would also remain one of the stronger options for 2008.
Click to expand...
A building society talking up the property market? There's a surprise...
 
Rosinsky said:
In a previous post I indicated Scotland to be a good option for 2008 and it appears that Nationwide believes it would also remain one of the stronger options for 2008.

The capital growth is going to be low on average, especially in the some of the big cities - Scotland on average 4% ( UK 0% average).

However, affordability still remains very healthy. Target city of choice: Dundee.

Does anyone have specific view on this city?


Market forecast 2008: [broken link removed]
Click to expand...


Wow 4%, far less than the real rate of inflation. Hardly stunning.
 
When investing in the UK you need to consider exchange rates because the UK £ has dropped about 13% against the Euro in the last 12 months. This is forecast to drop even further in the next year as the UK reduces interest rates and the ECB is predicted to increase rates.
 
you will find this entertaining
I have been to the city on a number of occasions and would not want to live there myself that is for sure




very revealing and one of the only sources of truly independent advice about towns in the UK
 
I agree, the 4% overal price inflation forecast for Scotland is very low; however, I feel the the student buy to let market in Dundee offers some very good opportunities and price increases at a much higher level.

Additionally, affordability is what I look at and it would appear to be much healthier than in the UK in general.
 
Rosinsky said:
I agree, the 4% overal price inflation forecast for Scotland is very low; however, I feel the the student buy to let market in Dundee offers some very good opportunities and price increases at a much higher level.

Additionally, affordability is what I look at and it would appear to be much healthier than in the UK in general.
Click to expand...

The UK market is heading down. Yes there will be a few pockets which go up but its going to take a lot of luck to pick the right one.

What is the average wage to price multiple there?

I guess you will lose 5-10% this year and the same in 2009 as a minimum on the capital. This is before taking inflation into account.
 
ringledman said:
The UK market is heading down. Yes there will be a few pockets which go up but its going to take a lot of luck to pick the right one.

What is the average wage to price multiple there?

I guess you will lose 5-10% this year and the same in 2009 as a minimum on the capital. This is before taking inflation into account.
Click to expand...

The House Price Icome Ratio for Dundee is in the region of 3-3.5. Edinburgh is 5. Now, if you look at the UK, you are probably looking in some regions at a ration of 8-9, which of course explains some of the housing market problems.
 
Rosinsky said:
The House Price Icome Ratio for Dundee is in the region of 3-3.5. Edinburgh is 5. Now, if you look at the UK, you are probably looking in some regions at a ration of 8-9, which of course explains some of the housing market problems.
Click to expand...

Lets have some figures.

What do you say the average wage is there? & the average house price?

How much are you paying and for what? What is the gross yield?

How much will you be losing per month???
 
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