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Wednesday, 22 April 2009

House Sales up 40% in March

The number of homes sold in March increased by 40% on the February figures to 60,000 - this is compared with 43,000 in February. When adjusted for seasonal trends, there is still an increase in 13& on the month.

The data is in line with Bank of England figures showing an increase in mortgage approvals, and also findings from surveyors showing a rise in the number of enquiries from potential buyers.

Many experts are now beginning to call the bottom of the housing market, but with the caveat that the market has fallen a long way and that any recovery will be slow.

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