Completions still bumping along at half 2007 levels...

22 September 2010

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1 Comments

Written by rosalind renshaw

Completions fell to an estimated 77,000 last month, according to HMRC.

The estimate follows the Council of Mortgage Lenders’ news that mortgage lending fell to its lowest in August for ten years in terms of value.

According to the tax man, there were 81,000 completions in July and 71,000 in August last year.

If both HMRC and CML figures for August are correct, it would suggest that more properties sold, but at lower prices.

The figure of 71,000 completed transactions in August is just under half the 146,000 in the same month in 2007 – at the peak of the market.

Comments

- PeeBee
Surely the last paragraph should read "The figure of 77,000 completed transactions in August is just over half the 146,000 in the same month in 2007."

You might think this is nit-picking - but 6,000 completions removed from the equation in one month is one Hell of a chunk!

If I didn't know better, I would have think you were trying to talk down the market, EAT! ;0)
- 23 September 2010 15:21 PM