UK House Sales Down 11% in 2011

House sales down

UK house sales down by 11% in 2011 to 869,000, one of the lowest levels of sales on record, with sales almost half of what they were in 2007. This compares with the recent record low of 848,000 sales in 2009.

This fall off in house sales is a combinaiton of a number of factors, including economic uncertainty and a lack of availability of credit finance.

The Council of Mortgage Lenders has forecast that total lending will fall again this year, suggesting that house sales are unlikely recover from these current low levels.

This content was written by Quick Move Now
Published on 24th January 2012
Last updated on 20th April 2017

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