Monday, Jul 03, 2006

House sales up 12% in first half of year -

Firstrung: Strong housing boost in the first half of 2006, but market showing signs of fragility

Housing transactions up 12% on last year but monthly volatility has also increased in the wake of a number of adverse external factors according to data just released from your-move. UK home sales rose 12% in the first half of 2006 compared with the same period last year. However, the market has been volatile this year, being affected by a number of one off external events...

Posted by Converted Lurker @ 09:01 AM (518 views)
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1. tyrellcorporation said...

Here we go again, the classic 'we've never had it so good, things are going bonkers, blah, blah - but things will become more sustainable soon (so please don't whack up IRs)'.

It's very tiresome!

Monday, July 3, 2006 12:42PM Report Comment

2. inbreda said...

Didn't even read the article. The fact that they say, to paraphrase, "Massive increases relative to..." means to me that this time last year must have been particularly poor.

They brush aside low figures when there is an excuse for them (eg wrong weather, leaves on the track etc), but then use those figures a month/quarter/year later to make it look like things are improving again. And besides, they're talking about transactions not prices, which kinda suggests there's something they're trying to cover up.

Monday, July 3, 2006 12:57PM Report Comment

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