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35.9% plunge in year-on-year house sales - June 2020

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4 minutes ago, Locke said:

Exactly- how bad was it last year that they are only 36% down on that?


Not great.


No matter what BS the Eas, Pols, local paper and BBC spin, always look at mortgage approvals.

~80%+ of houses sold need finance.

The 36% down bit only looks good as all transactions locked up in March, April and May. i.e. the June number is actually people who'd have bought in April + May, starting before the purchase before the lockdown.

The figures you need to look for ar Q3 onwards.

On a side note, Im seeing the harbringers of doom appearing on London Gazette - publicans, small builders/loft converters.




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