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Realistbear

Number Of Property Transactions Down In January

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http://freeserve.advfn.com/news_Property-t...s_14277428.html

Property transactions in England, Wales and N.Ireland slow in Jan - govt figures

LONDON (AFX) - The number of property transactions in England, Wales and
Northern Ireland
slowed
at the start of the year reflecting quiet winter demand,
government figures said today.
In January, there were 134,000 transactions, down from 150,000 in December
but well up on the 109,000 in January last year, according to data from the
Revenue and Customs department.
The figures are not seasonally-adjusted.
Seasonally-adjusted figures for England and Wales showed a similar trend.
On
this basis, there were 133,000 transactions in January, down from 154,000 in
December but much higher than the 103,000 recorded in January 2005.

If there were fewer transactions Rightmove's claim of a huge increase in sales might have been an exaggeration? Could we be seeing a trend with VIs reporting what they would like to see happening but aren't?

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Guest Winners and Losers

Yep, it will only cut the mustard for so long. Evidence is what is required, good old fashioned hard evidence, I say!

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It will be interesting to see if the BBC picks the story up--after all, it is the same government. Someone ought to ask Rightmove to expand on their "news release" so that we can understand how fewer transactions translates into a resurgance in the market. Then again, Rightmove were focused on theoretical data (asking prices) whereas the government figures reflect reality. I think I will go with the Government figures.

:lol:

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nearly 30% up year on year though.

Does that mean this year is good or last year was bad?

The YOY was based on a very "poor" January 2005 I believe. The trend line looks good though!

HPC 2006.

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nearly 30% up year on year though.

Does that mean this year is good or last year was bad?

it is, of course, possible that an increase in transactions AT LOWER SALE PRICES is occuring which would be a good thing for the crash to gain momentum. There's every chance that buyers are winning the Mexican stand-off and sellers are blinking first... :blink:

As more properties come on the market this Spring, prices could be driven further down, panic will set in and...well, party time! ;)

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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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