Your Views Online

The mean streets are here, with crims chucking the chibs for machine guns! The absurd property market is under fire too

Drugs gangs have armed themselves with machine guns . . . welcome to Chicago!? No, actually, it's Edinburgh.

I wish they'd hurry up and blow each others' brains out. Then we'd be rid of this scum for good!
NYC Hibee

It is all the people that are caught in the crossfire getting their "brains blown out" that is the main concern. I have previously lived in South Africa and seen what gangs with guns do to each other and it is the collateral damage that is the most devastating.
Dorian

The police and neighbourhoods are reaping what has been sown for the last ten years. Dealers in South Edinburgh have been operating with impunity for the last decade at least.
The Judge

City house values are nose-diving. The message might not have filtered through to a few sellers looking for last year's prices but onliners are happy to provide a reality check!

I thought Edinburgh was immune to all of this. The EEN certainly published this everyday, with their pals the ESPC jumping on the same bandwagon. Egg and face come to mind!
allknowing

Ah, it must be wonderful to be allknowing.

So, are they now telling us that Edinburgh is no longer immune? Still some way to go though, £114,000 for a one bedroom flat in Gorgie is still on the high side. With the average salary in Edinburgh of £26,000 the numbers just do not add up. The cheap money has gone and with it house prices will continue to slide.
Liz

Agree with Liz – prices were too high for average salaries. Greedy banks and mortgage providers thought they could get round it by offering massive mortgages (125 per cent no deposit in some cases) so that the poor could afford to buy an overpriced house.
Brodric

But they say the bigger homes haven't started to drop in price yet and the property experts are never wrong, no?

Four and five-bedroom houses have fallen just as much as everywhere else. The main reason this has not shown through so far is the stupidity of the sellers in realising that the game is finally up.
CCC

Ah, I see. Silly me. But it's just £114K to buy in Gorgie! Woo-hoo!

"Just £114,549" – ok – I'll take 10 of those hovels then! How can the author put the word "just" in front of that sum of money? Is the author so incredibly wealthy that £114,549 is nothing but peanuts? That sum of money is still almost five times the average wage! Five times the average wage to live in a slum with unemployed, junkie neighbours!
Lord_S

The Gorgie/Dalry flats are still well overpriced at £114K (considering they were only really built for the poor people). They will continue to drop until they reach a more affordable £60K.
Bottoms Up

Final word on the 'absurd' Edinburgh property market to Reader . . .

The average price for a city centre property is now £219,000, about the same as one year ago but seven per cent less than last quarter. However, seven years ago the average price was £100,000. No matter how far they fall, these prices will stay in the range of 'absurd' for a long, long time.
Reader