Rat and Mouse
Wed
22
Sep
Home sales halve in three years

According to figures courtesy of the Tax Man... home sales in August 2010: 85,000. That's up an a year ago, by a whole 6,000 transactions. But before we get all excited and start considering a career in estate agency, it's also down on the same month three years ago by... 77,000. Activity has been falling off again since the beginning of the year. It's difficult to imagine a time when the market will be as frenzied as it was back then.

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Comments

Most buyers these days are less worried about seeing huge increases on the values of their homes in the future, they just want to own their own place and know that if they improve the proeprty it is themselves who should hopefully benefit.

The media-driven obsession over property prices needs to come to an end and buyers who can find finance will drift back into the market.

http://www.cardiffhomes.co.uk

Posted by Richard at September 23, 2010 12:17 PM


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