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Uk Home Sales Down In November

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Apologies if a repost from today:


UK home sales fell in November as the property market showed little sign of fresh life at the end of the year.

There were 77,000 residential properties sold for more than £40,000 in the UK in November, according to HM Revenue and Customs (HMRC).

This was down from a revised figure of 80,000 the previous month and some 6,000 fewer sales than in the same month a year earlier.

A lack of demand from first-time buyers has pushed down sales and prices.


The most recent surveys from the Nationwide Building Society and the Halifax showed that prices fell in November compared with October.

The slowdown in buying and selling has also had an effect on the prices charged for tenants.

The average monthly cost of renting a home rose again in November, to a record £692 a month, according to the recently-published LSL property index.

However, the group said rise in costs for tenants had slowed

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Return to 2007 just around the corner!

Not much business to go around there and presumably margins at the lenders will be under pressure. Also wage inflation below inflation and negative interest rates will do wonders for affordability!

Edited by Ash4781

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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