HMRC - 2012 Transactions at 5 year high

wotsthat

House sales in the UK rose by 5% last year, according to figures from HM Revenue and Customs (HMRC).

The number of completed sales was 932,000, up from 885,000 the previous year, and the highest since 2007.

The HMRC figures are part of a growing body of evidence that the market is picking up in terms of sales, if not prices

http://www.bbc.co.uk/news/business-21082110

More people moving is a good indicator of growing confidence in the economy.

JonnyBravo

wotsthat wrote: »

http://www.bbc.co.uk/news/business-21082110

More people moving is a good indicator of growing confidence in the economy.

Yep most of the signs are pointing to 2013 being the busiest year for quite a few.

nollag2006

JonnyBravo wrote: »

Yep most of the signs are pointing to 2013 being the busiest year for quite a few.

Certainly looks like that around my way

[Deleted User]

if the number of sales rose but in general not prices then thats far from good news
usually increased demand = increasing prices

marathonic

woodbine wrote: »

if the number of sales rose but in general not prices then thats far from good news
usually increased demand = increasing prices

Another way to look at it is a large number of sales, even without rising prices, mean that an increasing number of home movers are meeting banks current, restricted, affordability criteria and are not in negative equity.

CLAPTON

woodbine wrote: »

if the number of sales rose but in general not prices then thats far from good news
usually increased demand = increasing prices

no,
price is determined by SUPPLY and demand

the demand for flat screen TVs has clearly increased (CRTs are dead now), would you celebrate if the price of flat screen TV increased?

Thrugelmir

Regional breakdown would be interesting.

wotsthat

Thrugelmir wrote: »

Regional breakdown would be interesting.

There's actually not much data to go with this..

http://www.hmrc.gov.uk/statistics/transactions/val-40000-or-above.pdf

Looks like a step change upwards from 2011.

HAMISH_MCTAVISH

woodbine wrote: »

if the number of sales rose but in general not prices

According to Land Registry, prices are up 1.4% in the last 12 months.

According to Halifax they're up 2.4%.

According to the ONS they're up 2.1%.

And according to Acadametrics they're up 3.2%.

NW is still down 1%, but hey, can't complain.

And Scottish house prices are up 6.7% on the quarter and 5.7% year on year according to Halifax

Thrugelmir

wotsthat wrote: »

There's actually not much data to go with this..

http://www.hmrc.gov.uk/statistics/transactions/val-40000-or-above.pdf

Looks like a step change upwards from 2011.

Second half of the year was only up 7,000 on same period of 2011.

So first half of 2013 will be important.

Lst year saw end of stamp duty holiday as well.

Roundabouts

nollag2006 wrote: »

Certainly looks like that around my way

Maybe you could whack your rents up by another 10% to celebrate? What with all the other rent hikes I doubt if your tenants would even notice.