| Comment | >The value of a house is measured by the size, number of rooms, area, type of property, age of property, features, etc.
Please read what the definition of value is, what you are describing is the factors which decide what people will pay for it.
>This is why people could buy a house in mid-2008 for £300k and struggle to sell it for half that a few months later.
As you are apparently just learning, the value of something changes with time, the number of rooms of a house dont go up in 10 years and it doesnt walk to another area of town but magically its value (even yes its home report value) changes.
>This isn’t unique to Scotland anyway. As I’ve said, it happens in the countries that OP claimed it didn’t. It also happens in England, in Ireland, in the USA…
Again, the OP was not complaining that houses are expensive, they were specifically complaining about the mismatch between the home report valuation and the selling price, that does not happen in other coutries, in England, the USA, Ireland you can routinely get a mortgage (provided its affordable) for the price a property sells at, this is uniquely difficult and requires far more cash in Scotland. |
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