It's good to see the Land Registry figures catching up with the real world - a world where house prices in many parts of London have actually fallen by nearer to 20% from the peak.

Of more concern, tucked away at the back of yesterday's Land Reg report was the fact that transaction volumes were down 57% across England & Wales and a staggering 60% in London! We have already seen the impact of this on estate agents (closing at a rate of 125 a week plus) but we now see the credit crunch bite the rest of the housing related market in the arse with direct impact on removal companies, builders, polish plumbers down to stationary printers.

This weeks competition. Who is loosing the most at present, agents or mortgage brokers?

http://www.housingexpert.net