Property sales hit annual high

MrRee_2

As I have been saying for a few months now .....

Home sales hit their highest monthly level of the year so far in November, figures from HM Revenue and Customs (HMRC) have shown.

There were 85,000 property sales during the month, up from 79,000 in October, it said.

The HMRC figures show that there were 9,000 more property sales in November, compared with the same month the previous year.

The monthly total was the highest since July 2010.

There is NOTHING left - it's all been sold - I have been proved right once again ........

Winners and losers - as always ... glad I'm on the winning side once more

nearlynew

Excellent news.

Just goes to show ...


When prices drop, more people buy.

MrRee_2

People are fed up renting and throwing good money away, they are fed up putting their lives on hold, they are fed up waiting for the crash to come (when we can all see that it will never come).

So, they are jumping in the market - they know now is the time to buy.

When everyone jumps, as they are now, you don't want to be sat in your rented bedsit still hoping for a collapse ..... you need to be out there WINNING!

Batchy

LOL... I must admit, this board entertains me, I love the wind ups, the trolls, those that feel they are being attacked personally, from which ever fence your batting from.

I dont consider myself a troll, im a sharer of useful information.

I actually help people personally in real life, try to motivate my friends in having a little self belief... but on here, it just comes accross as trying to wind people up.

But Still I come back to see whats going on from time to time.

All good fun, anyway, I posted about a month ago about numbers of properties available to buy being very low, maybe my area has a bout of motivated sellers.

But everyone round this way hates the Landlords, and loves the idea of owning, regardless of cost.

If you talk to most people about houses, they get caught up on monthly payment rather than Capital cost anyway... so no one is driven by houses prices, they are driven by low base rates, which gives them half a chance in the 3% margin on mortgages.

PS the 3% on mortgages is for the banks to recapitalise by 2018.

Expect higher BOE interest rates by then but lower margins, sooner banks recapitalise sooner they can lower margins and offer competitive products.

Really2

75,000 - 85,000 is around the price neutrality point, 85,000 is in the predominantly 0% to 5%YOY bracket.


Any higher and it will be in the region generally associated with HPI.
But cant really see it going up over the winter months TBH.