Volume of transactions tells of local recovery
July is traditionally a quiet month in the property market, but this year it has recorded twice as many transactions as January. So what is going on? Carol Tallon reports.
There has been much talk in recent months about rising house prices. However, it is accepted that these rises are coming from exceptionally low levels in many areas around the country, so perhaps the best test of local market recovery is the volume of transactions taking place.
The total number of residential sales nationwide this year is running at close to 15,000 (not all of August sales are recorded in that figure), this compares with...
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