Transactions slip nearly 17% in a year as property supply falters

Transactions fell sharply in January, the haart chain has reported.

Based on its own data, it says that houses sales measured at exchange were 9.5% down in volume from December, and 16.6% down on January last year.

The firm said that house prices were also down – 0.5% on the month and 3.5% year on year.

New buyer demand rose by 7.8% in January compared with the month before, but was down by 37% on the year.

The number of new properties coming to the market was 0.3% down on December and nearly 2% on the year.

Haart CEO Paul Smith said that “a multitude of barriers” are stopping buyers from taking the plunge.

x

Email the story to a friend



One Comment

  1. Property Paddy

    Or they could be using other agents, or even worse they prefer Purplebroke to haart ?

    Any one considered that mr smiff ?

    Report
X

You must be logged in to report this comment!

Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.