House Sales Collapse
In the latest RICS survey, the number of completed house sale has been described as 'falling off a cliff', with vendors reluctant to reduce prices and potential purchasers finding it hard to secure mortgages and too afraid to commit.According to Brian Jackson of Ellis and Sons, an estate agent in Southport, the number of completed house sales is at its lowest since their records began before the 1990's house price crash.
According to another agent in Kent, the housing market is the worst in 35 years.
The average number of completed house sales per estate agent was just 18 in April, compared with 24 in March - a 25 per cent drop in just one month.




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