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House Sales Look To Have Hit A Summer Slump

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House sales look to have hit a summer slump

http://www.estateagenttoday.co.uk/news_features/House-sales-look-to-have-hit-a-summer-slump

The info in the below article appears to conflict the latest info from the Land Reg and even the likes of the Haliwide.

This Agency Express is saying, for example, that sales in Wales are up but that sales in London are doubt which, IIRC last week's Land Reg figures, is the complete opposite.

UK house sales slumped in June, according to an on-the-ground survey.

Estate agency boards firm Agency Express says that both house sales and new For Sale listings took a backward step, each making double digit falls.

The number of houses where For Sale boards converted to Sold June fell by 13.7% compared to May.

However, it is not unusual for house sales to fall in June as this has happened in five out of the last six years.

It was a far from uniform pattern across the UK: four regions had an uplift in monthly sales in June while others experienced significant falls.

The North-West had a really good month with a 26.3% increase in monthly house sales, as did Scotland, where the number of houses ‘Sold’ rose by 17.7%.

House sales in Wales were up 8.6% and in the West Midlands 2.8%. In the East Midlands, sales remained at May’s levels.

The heaviest falls in house sales in June were in the South-East (-18.8%), Greater London (-15.9%), Yorkshire (-14.9%) and the South-West (-14.8%).

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That makes a lot of sense: the places where the prices have fallen are those where the sales are happening. The gravity-defying areas are finding no takers. Time to catch up and slash the prices in the south.

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That makes a lot of sense: the places where the prices have fallen are those where the sales are happening. The gravity-defying areas are finding no takers. Time to catch up and slash the prices in the south.

Land Reg figures are laggy...

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Seems a nonsense figure to me personally. They can't cover the whole of the UK as many EA firms use their own people to stick boards up.

"Summer Slump"??? Is that the best they could do?

We all know journalists, EA's and the like frequent these pages... lets get some allitrative headlines that we'd be happy for them to plagiarise and have fun printing in tomorrows papers...

I'll start:

"Horrendous Hell with House selling stalling as heatwave halts sales"

"Drought despair as money dries up like rainwater"

"Summer Sale? Not in Housing"

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"Summer Slump"??? Is that the best they could do?

We all know journalists, EA's and the like frequent these pages... lets get some allitrative headlines that we'd be happy for them to plagiarise and have fun printing in tomorrows papers...

"House Sales get Burnt in the Sun"

"Housing Market takes Extended Summer Holiday"

"House Buyers go on Vacation"

"Home Buyers' Drought Kills House Prices"

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That makes a lot of sense: the places where the prices have fallen are those where the sales are happening. The gravity-defying areas are finding no takers. Time to catch up and slash the prices in the south.

+ 1

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  • 311 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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