exiges Posted December 21, 2010 Share Posted December 21, 2010 Apologies if a repost from today: http://www.bbc.co.uk/news/business-12049269 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. 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 Quote Link to comment Share on other sites More sharing options...
SarahBell Posted December 21, 2010 Share Posted December 21, 2010 And how many sold for less than 40k? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted December 21, 2010 Share Posted December 21, 2010 Wait till Decembers come out....though they can blame the snow. Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted December 21, 2010 Share Posted December 21, 2010 BBC is reporting the non-seasonally-adjusted numbers. Seasonally-adjusted transactions rose marginally, but essentially the market is flat at present. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted December 21, 2010 Share Posted December 21, 2010 BBC is reporting the non-seasonally-adjusted numbers. Seasonally-adjusted transactions rose marginally, but essentially the market is flat at present. Looking at that chart, I can't see that there's much significant seasonality there. Quote Link to comment Share on other sites More sharing options...
Beggar Thy Children Posted December 21, 2010 Share Posted December 21, 2010 Looking at that chart, I can't see that there's much significant seasonality there. That's because it's been seasonally adjusted Quote Link to comment Share on other sites More sharing options...
papag Posted December 21, 2010 Share Posted December 21, 2010 Apologies if a repost from today: http://www.bbc.co.uk/news/business-12049269 Well I read the Daily Express and this is a load of Bollockxs Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 21, 2010 Share Posted December 21, 2010 All thanks to the recovery. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted December 21, 2010 Share Posted December 21, 2010 That's because it's been seasonally adjusted Doh! Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted December 21, 2010 Share Posted December 21, 2010 All thanks to the recovery. Would that be the 'locked in' recovery per chance? Hope so, as if those level of sales are locked in then we'll have a whale of a time ahead... Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted December 21, 2010 Share Posted December 21, 2010 (edited) 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 December 21, 2010 by Ash4781 Quote Link to comment Share on other sites More sharing options...
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