Friday, October 1, 2010

Summary of the market in August

The Month in Numbers - August

Summary of the main market numbers for last month with helpful reminder of the peak figures from housing expert Henry Pryor who was making sense on BBC Breakfast tv yesterday.

Posted by charles lister @ 09:06 AM (909 views)
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4 thoughts on “Summary of the market in August

  • Good summary.

    One interesting statistic. Pryor states that 30% of realised sales (85,000) are cash. Given that mortgage approvals (BoE) are running at circa 47,000 and the average number of monthly transactions (LR) are 53,000, the remainder must be auction sales or foreign purchase.

    I’m trying to get a handle on monthly cash purchase volumes – so would welcome any illumination from other posters.

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  • A couple of things;-

    1. The proportion of ‘Cash’ buyers comes from the CML in a report (since update) called The Changing Nature of Property Sales.

    2. Don’t confuse Land Reg sale volumes with UK numbers. I used HMRC numbers which are for the whole country.

    Hope this helps.

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  • hi

    do you have a you tube link or similar or location witthin bbc iplayer (i.e. time to start) of your performance? Would be interesting to see what you said.

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  • @2 HP

    Many thanks.

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