Is anyone noticing any changes in a downward direction in the highlands? I’ve been monitoring the EA’s for about 1 year now (Inverness +50miles), and despite an unprecedented(?) volume of properties for sale, many of which have been on the books for a long long time, nothing is decreasing.

In fact, using property bee, I’ve actually found a nasty new build that’s gone up!! (although this looks like a developer has had an oh-f*ck moment and realised he’s instructed the wrong price.

http://www.rightmove.co.uk/viewdetails-174...10&tr_t=buy

History
date event
25th Feb 2008  Status changed: from 'New home' to 'Available'
22nd Feb 2008  Price changed: from 'From £260,000' to 'From £263,000'
 Brief Description changed: 4 bedroom Detached house from £263,000
20th Feb 2008  Initial entry found.

Prizes for the first to post evidence of the log jam breaking.

Here we go!!! -12.5%



http://www.rightmove.co.uk/viewdetails-186...=2&tr_t=buy

....and another -9.3%



http://www.rightmove.co.uk/viewdetails-169...17&tr_t=buy

Capt,

The Heilans are knackered now that the silly money from Darn Saff is switching off.

Imagine what would happen if Inverness Medical said they were moving abroad, Armageddon wouldn't have look in.

I've noticed a lot of the big ticket stuff isn't flying off the shelves, a year from now it'll be grim.

You might be waiting for a while to see those changes , as a lot of property's are actually going up in price on their adverts as they go from e.g offers over 200,000 to fixed price of 220,000 , there is a bungalow in farr that has just done this and is not the only one in the area. As these remain unsold into the summer I think we might begin to see some reductions.

Another sign of activity?. Not a bad looking house either.

http://www.rightmove.co.uk/viewdetails-998...=6&tr_t=buy

History
date event
5th Mar 2008 * Price changed: from 'Offers in Excess of £355,000' to 'Offers in Excess of £325,000'

22nd Feb 2008 * Initial entry found.

Oh dear, I smell desperation!!!! Having gone up it's now going down now:


History
date event
9th Mar 2008 * Brief Description changed: 4 bedroom Detached house from £263,000 to £240,000
* Price changed: from 'From £263,000' to 'From £240,000'

26th Feb 2008 * Status changed: from 'Available' to 'New home'

25th Feb 2008 * Status changed: from 'New home' to 'Available'

22nd Feb 2008 * Price changed: from 'From £260,000' to 'From £263,000'
* Brief Description changed: 4 bedroom Detached house from £260,000 £263,000

20th Feb 2008 * Initial entry found.

http://www.rightmove.co.uk/viewdetails-178...=4&tr_t=buy

21st Mar 2008 Price changed: from 'Offers in Excess of £450,000' to 'Offers in Excess of £399,995'

10% drops are here, and this one's in a popular area.