Wednesday, May 25, 2011

… and about half as many in 2007, I hasten to add

Property sales stay low, Revenue figures show

"Property sales in the UK are still lower than a year ago, according to HM Revenue & Customs (HMRC). Just 66,000 homes were sold in April, 1,000 fewer than in March and 6,000 fewer than in April last year. Sales in the first four months of the year have been 5% lower than in the same period of 2010.."

Posted by mark wadsworth @ 03:48 PM (1865 views)
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5 thoughts on “… and about half as many in 2007, I hasten to add

  • gone-to-colombia says:

    In effect, a buyer’s strike.

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  • mark wadsworth says:

    Indeedy.

    At the peak there were 1.9 million sales in a year, out of which 0.4 million “cash buyers” = 1.5 million normal buyers

    Nowadays there are 0.8 million sales a year, of which 0.4 million are “cash buyers” = 0.4 million normal buyers.

    DISCLAIMER: these figures are from memory and rounded to the nearest sig fig.

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  • “The drop was attributed to seasonal factors, such Easter falling in April, and an extra bank holiday.”
    Yep – is this hadn’t happened then the figures would definitely have shown a robust market with significant price increases. Silly [email protected]

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  • Honest John says:

    april had extra days to look for propertys on the other hand, agents were open were they not !

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  • Spring bounces ain’t what they used to be.

    Without any of those newly invented bank holidays (to look for property) it would be back to abnormality.

    Pesky banks again.

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