Halifax: House sales up, highest level for 2 years

HAMISH_MCTAVISH

HOUSE sales are more buoyant than at any time in the past two years, according to estate agents.

Halifax Property Services, the estate agency arm of Halifax Building Society and one of the largest agency chains in the country, said that it sold more houses in February than in any month during the previous two years although it declined to give figures.

This confirms indications of recovery seen in rising building society mortgage commitments in February. There were also suggestions from estate agents that commercial turnover may be showing an improvement.
Any pick-up in housebuying would stimulate demand in other sectors such as furniture and DIY.

According to Halifax, viewings of properties and inquiries are running at double last autumn's levels. Thirty-four per cent of people in the first-time buyer age group said they were seriously considering buying.
Officials at the National Association of Estate Agents (NAEA) backed up the view on increased sales.

http://www.independent.co.uk/news/business/halifax-reports-highest-house-sales-for-two-years-rate-of-business-failures-gives-some-cause-for-optimism-1501057.html

And the obligatory....:beer:

nollag2006

But what about the "double dip"??? I thought we were all supposed to be in a double dip ???

Sooooooo unfair !!

ruggedtoast

HAMISH_MCTAVISH wrote: »

http://www.independent.co.uk/news/business/halifax-reports-highest-house-sales-for-two-years-rate-of-business-failures-gives-some-cause-for-optimism-1501057.html

And the obligatory....:beer:

Michael Jones, president of the NAEA, said the market had been boosted by activity among housing associations using pounds 750m of Treasury assistance to buy repossessed properties. He believed most of this money had now been spent but despite this, anecdotal evidence suggested that sales were still strong.
'The market is still quite busy and sales are continuing on a par with February,' said Mr Jones, who runs his own agency, Michael Jones & Co.
'But it is still a bit fragile. It would not take much to tip the balance back if the Government was to reverse the trend on interest rates.'

As usual your weird worldview where no one but you can afford a place to live, isnt even supported by your own link.

abaxas

In other news...

House prices have crashed to £0 value says someone. My mate agrees with me.

If anyone actually falls for this, they need their heads examined. There is no fact in the above release, just comment.

doire_2

*yawn*..........

Graham_Devon

Estate Agency tells us they sold more houses in Feb.

National Association of Estate Agents backs up the view.

BUT, they decline to give the figures.

Well that's useful.

mystic_trev

I see you've been driving the Delorean again

It's back to 1993

Graham_Devon

HAMISH_MCTAVISH wrote: »

So are you accusing them of lying?

Or will you just be acting all surprised when house prices keep rising.....

Where you get that from?

If I had posted a thread like this, from an article which says house buying is down, but they won't show the figures, you would have so much fun with the laughing emoticons it would take half an hour just for you to compose your ridicule post.

As you have said so many times Hamish....facts, facts, FACTS.

HAMISH_MCTAVISH

mystic_trev wrote: »

I see you've been driving the Delorean again

Jeez, someone always has to come along and spoil my fun....:D

Yes folks, the article is indeed from 1993, and I was too daft to notice!!!!!!

Ah well.

twadge_face

Don't think meaningful discussion is really Hamish's style.

He's like a spin doctor with pretty emoticons, but less credibility.

benb76

Do you really think that the article is from 1993? The net was still in it's infancy so I'd be surprised if the independent even had a web site back then!

I reckon it's a technical glitch.