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Ash4781

No Recovery In Volumes In 2009

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HMRC sales volumes http://www.hmrc.gov.uk/stats/survey_of_pro...00-or-above.pdf

Land registry (understand two most recent months not included) http://www1.landregistry.gov.uk/assets/lib...PIdaveAug09.pdf

As we head into the autumn slowing period it's clear that they'll be no recovery in volumes in 2009. Looking forward to 2010 it's expected that they'll be a squeeze on post tax income and assuming LTV's are still constrained demand will be roughly as current. The 2010 supply side is difficult but as I view this 'new market' a rise in volumes will correspond with falling prices due to demand constraints. In the past prices and volumes rose as lenders expanded their balance sheets.

Do others fell volume recovery (to 2007) is long term ?

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