Thursday, Jul 29, 2010
Agency Express property activity index latest
FT: Government's spending cuts impact housing market
Both the number of houses being put up for sale and those being sold dropped in July, data from the monthly Agency Express property activity index has shown. Agency Express blames this on the government’s recently announced spending cuts as potential buyers have revised their budgets and are putting their moving plans temporarily on hold. For the second consecutive month, the number of monthly house sales has fallen. In July, it dropped by 2.9 per cent compared to June. This was the lowest level since January 2010.
Posted by jack c @ 03:41 PM (535 views) Add Comment
2 Comments
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1. paul said...
'Agency Express'?!
Umm, yes that well known property index says that activity has stalled. meanwhile Miles Shipside, commercial director of Rightmove, comments: ““With London estate agents now faced with new instruction levels 67% higher than last July
I schmell porkies.
2. sureseam said...
There are any number of VI characters willing to blame the politicians for anything that goes wrong in this life. I suppose they imagine it gets them closer to compensation from the public coffers.
Take the Americans for example: BP screws up and Obama almost rushes to accept responsibility - it's crazy.
There needs to change of mindset: propping up the housing bubble in not the purpose of the economy,