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Odpm Figures For Total Transactions

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This will need another year at least to indicate the trend but early indications point to a severe down turn in transactions.....sales volumes lower than 1996. I'm sure this has been mentioned before, but I'd never looked at the figures in this way before (attached chart).

So, transaction volume is directly proportional to prices.....discuss.

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This will need another year at least to indicate the trend but early indications point to a severe down turn in transactions.....sales volumes lower than 1996. I'm sure this has been mentioned before, but I'd never looked at the figures in this way before (attached chart).

So, transaction volume is directly proportional to prices.....discuss.

As Dr. Bubb mentioned earlier, Volume is the key, not the price. Because EAs could try their best to keep their sales figures. Apparently, the housing market is cooling down.

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I think this is a VERY important indicator these days.

As I mentioned on other threads, I think there is a very serious risk the main house price indices are starting to give a bum steer on the actual state of the market (given lack of sales, regional biases etc).

We know the number of properties for sale is up and there is still something of a stand-off on prices. How this stand-off will end (sellers cutting prices or buyers increasing offers) is the key now (especially BTL buying, I'd say).

My bet is that selling prices will be reduced - slowly and painfully (through gritted teeth) but reduced nonetheless.

The only downside is it is a slow indicator (lagging) and I'm still not yet sure all sales are fully reflected in the ODPM data.

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Looking at the graph transaction quantities seem to alternate, good year/bad year, this year historically looks like it should have been a bad year... will next year be a better year?

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  • 301 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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