Friday, August 28, 2015
Drop in transactions is apparently good news for buyers
It would be interesting to see this broken down into BTL, cash buyers, (ideally foreign buyers) etc. In the aftermath of the crash, they said a lack of transactions was bad news for buyers, which made sense. There was not much stock (no forced sellers) and that held prices up. Now, a lack of transactions is supposedly good news, but surely that could just as easily be that people aren't moving (i.e. selling). Anyway, it's from the LR, so old news but it's interesting to hear them say the market is cooling.