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Uk Transactions Down 15%, Ea Profits Down 9% - Report


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HOLA441

http://uk.biz.yahoo.com/051107/183/fw6d2.html

"There are several important issues in this sector in 2005. Firstly, the market is growing weaker. Property is selling more slowly, vendors are delaying putting their homes on the market and the average margin between a property's asking price and the price that buyers are actually willing to pay is widening. The first 3 months of 2005 were awful for most estate agents, with sales volumes sharply down on the same period in 2004. Secondly, buy-to-let purchasers have become much more cautious and some are even leaving the sector."

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HOLA442

Never fear Gordons hear...... don't despair estate agents chums, New Labour has a weeze, huge tax breaks for SIPPS , esecially higher rate tax payers, is set to flood the market with money ( well positive spin at least ). After all in a socialist state it's only right that those who are already well off should be subsidised by the tax payer in order to help them deny property access to the less well off. It's all about "equality of oppotunity" you see. :)

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