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HMRC ~ June Home Sales up 21%

http://www.bbc.co.uk/news/business-10710237
The number of homes sold in the UK in June rose by 21% from May to 86,000, HM Revenue & Customs has said. The sales figures were the highest this year and were up 15% on the same month last year.

It means sales so far this year have been 21% higher than in the first six months of 2009.

On Tuesday, the Bank of England warned the tight supply of mortgages might become worse in the coming months which could stop sales growing much faster.

The Royal Institution of Chartered Surveyors (Rics) said the figures meant house sales were still subdued.

"Sales are still running well below the levels preceding the onset of the credit crunch, partly because of a shortage of mortgage finance as well as, until recently, the lack of stock on the market," a spokesman said.
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Comments

  • nearlynew
    nearlynew Posts: 3,800 Forumite
    This is excellent news.


    Falling prices have enabled more people to buy.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    nearlynew wrote: »
    This is excellent news.


    Falling prices have enabled more people to buy.

    I've been looking at the Nationwide index and I can't quite make out the falling prices part. Perhaps it's a case of people's perception rather than facts.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Blacklight wrote: »
    I've been looking at the Nationwide index and I can't quite make out the falling prices part. Perhaps it's a case of people's perception rather than facts.


    You don't want to be listening to those lying thieves.


    Prices have been falling for a while now.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
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