Thursday, Feb 28, 2008
Sales down again....
tIMES: House sales down by a fifth
''...The number of houses sold in November last year fell by 22 per cent compared with November 2006. Figures from the Land Registry show that 90,581 properties were sold last November, down from 115,873 in the previous year.
...''
Posted by hpwatcher @ 02:56 PM (483 views) Add Comment
4 Comments
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1. voiceofreason said...
That means approx 20% less revenue for all the vested interests.
Which is probably their margin gone.
Expect lots of VI related redundancies soon.
2. paul said...
They're still trying to round off these stories with upbeat housing market news, but the upbeat bit is looking more and more strained and contrived - optimistic figures that are "adjusted", or "revised", "annualised" are tell-tale signs that the good news isn't actually so good.
3. inbreda said...
another few months and the lenders will start dropping their prices. Couple of months after that and we will start seeing hard evidence emerging in the stats that the path is downward.
4. jack c said...
Lloyds TSB have now announced they are withdrawing ALL lending above 90% LTV - the path is indeed down