Thread regarding Baker Hughes layoffs

@obb
I guess the Hotel & Property websites are all in a conspiracy to lie about the falling house & room rates as well, & the Ghost Town that is Union Street is just an illusion set up by bitter former employees to cover for its continued raging success.
Aberdeen currently has to come to terms with a reality check, & that is without Oil & Gas it’s no more important than anywhere else, & that they aren’t worth anywhere near what they thought they were out in the real world of the Pie Makers.
Give your head a wobble Pal - they aren't leaving the city because they can't afford the rents, they are leaving because they haven't got a job to pay them at all, & no job means no money to pay pi$$taking rates to Big Men who are having to come to terms with not being so big these days.
It's simple supply and demand - get used to it, because the game isn't changing any time soon.

Not just property & rental values, but hotel room prices as well.
As a somebody who's been away for a couple of years now, it's striking to view the current rates on the booking & property web sites compared with then.
Brexit is old news now, & oil prices have always fluctuated, so the most likely reason is the fall in demand due to Net Zero policies, & the rush to crash North Sea operations by choking licenses.
Still, with things kicking off in the Middle East, hopefully some sense will be slapped into the UK Government to make them realise that we have some of the stuff right in our own back yard.
We ain't finished yet.

I doubt if any of the Aberdeen Baker hands have ever been in the west end of Aberdeen much less afford a property there. Tillydrone and Torry seems to be their areas

My one bed luxury in Kincorth is rented out at £3k per month. 3 years paid up front. Could let it out tomorrow for £5k per month but doing a friend a favour.

Aberdeen booming.

You could buy a house in Aberdeen for 6000 you clown.
Aspc has tonight over 160 west end propertys for rent at under 675.00 all over 2 bed....

Ha ha ha ha Aberdeen booming

This is a real eye opener! I thought property in England was always a safe bet.

Avg Property in the west end of Aberdeen are renting for £600 a month with hundreds to pick from and over 6 to 12 months avg to rent . Now everyone is leaving by the thousands .
Students are pulling degrees in oil and Aberdeen by the hundreds just look on there websites they are half empty
Edinburgh and Glasgow rebts over double that with some streets having waiting lists for renters and buyers.
Aberdeen is done it was done 6 years ago and the last downturn was a blip in comparison to this downturn.
30000 people min will go in Aberdeen and more likely will be double that number. Already company's are cutting years of work.
Decom is a distance hope of big contracts that most companies will shelf as costs too much money to start with zero returns for the decommissioning company.

https://www.aspc.co.uk/search/property/388556/12-Berryhill-Place/Westhill/

Last sold 8 years ago for £535k. Now £435k.

https://www.aspc.co.uk/search/property/388081/11-Wellwood–250-North-Deeside-Road/Aberdeen/

Last sold 8 years ago for £610k. Now £495k.

As this is before the axe comes swinging down from the big operators.

This is why aberdeen office hires a lot of taxi drivers for field eng and management position

Fake news and totally false and doctored numbers

Do your own research rather than believe false posts from a few disgruntled employees we had to lay off and who can no longer afford their rent so have had to leave the city. Its not uncommon in Aberdeen where we had to employ people from outside the city due to the huge demand for people, however, when they see the huge wealth in the city its a shock to their systems. In Dundee for example your average pie maker who works in a local Bakery earns around the minimum wager per month while in Aberdeen that same pie maker can earn 10 times as much working in Oil & Gas.

Just the start, wait see

Fake News!

https://www.rightmove.co.uk/property-for-sale/Aberdeen.html

Would expect things to deteriorate in the next couple of months when BP, Chrysaor, Shell and Total make their big cuts. Lots of homes hitting the market with a dwindling pool of buyers.

Maybe good if you are in cash but not sure property in Aberdeen as an investment stacks up - unless looking at the 1/2 bedroom market if you can get them cheap enough that non-oil tenants would still be able to afford the rent and you can get a sensible yield.

The £600k+ new builds people were buying that are now valued at £400k, if you can even find a buyer, will have lasting repercussions.

Very expensive blip when you house is worth 25% less than 6 years ago and still falling.
Not to worry least oil is booming and Baker are not paying off everyone oh wait yes they are... booming ha ha ha ha ha

Aye just a blip, and even then houses here still cost a fortune

Just a blip