Wednesday, May 21, 2008
Short article….but highlights much between the lines
The Council of Mortgage Lenders (CML) predicted there will be 770,000 property transactions in England and Wales this year, down from 1.18 million in 2007. The CML's last forecast in October had predicted a 1 percent rise in house prices and a 14 percent drop in transactions. So 410,000 less transactions - that's a lot of lost business for EA's and solicitors! Depending on through put 410,000 equates to a lot of EA closures.......no sale no fee - [email protected], that was a crap business model.