Property Sales at 2 Year High
HMRC has released figures today showing that completed sales hit a 2 year high in December. Over 104,000 deals were completed in December 2009, the first time the figure has been above 100,000 since December 2007, adding to evidence of a recovery in the housing market.Sales reached their lowest point in January 2009, with only 41,000 properties sold the lowest level since 1977 when records began.
Overall in 2009, the number of transactions was broadly similar to 2008, with a total of 848,000 propeties sold. Constrast this figure though with the boom years - in 2006, 1.67 million homes were sold and 1.62 million in 2007.
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