August 30, 2007
People looking to buy property decreases
There has been a serious disruption in the property chain, with the amount of buyers falling by around 2.5% for last two months (June and July) this could have some serious implications on the whole property market should it continue.
The main reason for the slow up in people committing to buy, has to be the current interest rates, this coupled with the wettest summer for a long time could account for the bad sales figures. But that would not explain the difference between this year and last year.
The average amount of buyers registered at estate agents for July was 314, but in July 06 the figure was 387, this would mark a fall of almost 19%. There is also a drop in properties for sale too, in June there was an average of 68, but in July there was only 48!
It would appear that the next few months leading up the end of the year are going to be crucial for the property market.
Source [Home Move]
Add to Bookmarks:
Related stories to People looking to buy property decreases
Next: Property repossessions rise »
Visited 60 times, 1 so far today
Comments
Leave a Reply