House sales - the World Cup Effect, therein, thereof...
Permanently optimistic estate agents Haarts have examined some data pertaining to the World Cup effect on home sales, and are confident of a sudden surge in transactions in August. Apparently, across the last 20 years, sales in World Cup year Junes are on average 1.3% (or 1,600 transactions) down. However, the average increase (on non-World Cup years) after the tournament ends is 4.1% (in Augusts). Remember, though, interest rate movement in coming months is the big unknown. More here.
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