Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

House sales down

Graham_Devon
Graham_Devon Posts: 58,560 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in Debate House Prices & the Economy
UK home sales fell in November as the property market showed little sign of fresh life at the end of the year.

There were 77,000 residential properties sold for more than £40,000 in the UK in November, according to HM Revenue and Customs (HMRC).

This was down from a revised figure of 80,000 the previous month and some 6,000 fewer sales than in the same month a year earlier.
A lack of demand from first-time buyers has pushed down sales and prices.

http://www.bbc.co.uk/news/business-12049269
«13

Comments

  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    What's you conclusion from this? It would be interesting to consider both sides of this information
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    I am surprised it is only 6,000 lower than Dec. 2009, that was the last month of the stamp duty holiday.
  • shupufski_2
    shupufski_2 Posts: 96 Forumite
    Really2 wrote: »
    I am surprised it is only 6,000 lower than Dec. 2009, that was the last month of the stamp duty holiday.


    Isnt the comparison against November 09?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    IveSeenTheLight wrote: »
    What's you conclusion from this? It would be interesting to consider both sides of this information

    I don't really have one, just posting it up.
    Really2 wrote: »
    I am surprised it is only 6,000 lower than Dec. 2009, that was the last month of the stamp duty holiday.

    It's Nov 09.

    God knows what may happen in dec with all the snow!
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    shupufski wrote: »
    Isnt the comparison against November 09?

    Month yes, but still both released in Dec, point still stands it was coming to the end of the stamp duty holiday and they are only 7% lower than then, you would of thought it would be a lot more TBH.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    I don't really have one, just posting it up.
    if they are higher next month will you start a thread too?
  • Batchy
    Batchy Posts: 1,632 Forumite
    the stamp duty holiday was for ALL buyers there is one now, but its only for proper FTBs and its for a higher value and the END date isnt Jan 2011 its Jan 2012 or around then, so no rush to complete!

    At the end of the day, these numbers arnt too different, and the Fact we have had a lot of snow in November would have stopped a lot of families moving as its not possible to get removal companies to get up your road etc, and its a nightmare... My dad was victim of this and would avoid it like the plague in the future.

    Again we have a LOT of snow in December now, presently, so all those pre december completions could also be put on hold until the snow is gone due to the difficulties of moving.
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    if they are higher next month will you start a thread too?

    Yep, though I think Hamish may beat me to it.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    Graham_Devon wrote: »
    http://www.bbc.co.uk/news/business-12049269


    If the BBC employed competent journos instead of teenage scribblers they would have used seasonally adjusted data revealing an actual increase in house sales over October.

    http://www.hmrc.gov.uk/stats/survey_of_prop/val-40000-or-above.pdf
    If I don't reply to your post,
    you're probably on my ignore list.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Rinoa wrote: »
    If the BBC employed competent journos instead of teenage scribblers they would have used seasonally adjusted data revealing an actual increase in house sales over October.

    http://www.hmrc.gov.uk/stats/survey_of_prop/val-40000-or-above.pdf

    Fail.

    Were talking november.

    Thankfully the BBC use competent journos.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.3K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.4K Spending & Discounts
  • 240.8K Work, Benefits & Business
  • 617.1K Mortgages, Homes & Bills
  • 175.6K Life & Family
  • 254K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture