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Property Transactions April 2009

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Last month we had the BBC (and Rinoa) crowing that property transactions had risen 40% between February and March this year. They were quoting the non-seasonally adjusted data from HMRC, and the SA number was a much less dramatic +13%.

The provisional numbers for April have been released this morning, and the NSA number is 58,000, the same as last month's revised 58,000. So, no change between March and April, and I suspect the BBC won't be trumpeting this figure today.

The SA number is 64,000, up from 59,000 in March, a month-on-month increase of 8.5%. This is still 28% lower than the 89,000 transactions we saw in April 2008. In April 2007 the number was 140,000.

hmrctrans0409.gif

http://www.hmrc.gov.uk/stats/survey_of_prop/menu.htm

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Last month we had the BBC (and Rinoa) crowing that property transactions had risen 40% between February and March this year. They were quoting the non-seasonally adjusted data from HMRC, and the SA number was a much less dramatic +13%.

The provisional numbers for April have been released this morning, and the NSA number is 58,000, the same as last month's revised 58,000. So, no change between March and April, and I suspect the BBC won't be trumpeting this figure today.

The SA number is 64,000, up from 59,000 in March, a month-on-month increase of 8.5%. This is still 28% lower than the 89,000 transactions we saw in April 2008. In April 2007 the number was 140,000.

hmrctrans0409.gif

http://www.hmrc.gov.uk/stats/survey_of_prop/menu.htm

yes, but I wonder what the actual real figures are though.

a repo sold at auction doesn't count in the stats

the silent sellers also don't count (those that sold to those 'we buy your house today' companies)

look to the 'we got the ONS stats wrong for the last 5-10 years' admission for guidance. (I don't actually know how long they have been wrong for tbh, but imagine the knock on effects on the GDP data. ;)

thanks for the link though Freetrader, not meaning to undermine your thread. :)

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