Transactions and prices – moving in tandem but to different scales
18th September 2023
There were just over one million residential sales across England and Wales in the year to end July. This is -11.4% below the volume a year ago.
Whilst it is lower than the high transaction volumes experienced during the pandemic, it is only 7.8% below the average for the five years up to 2019 (pre-pandemic).
Does a fall in sale volumes translate into an equal fall in prices? History shows us that whilst sale volumes and prices tend to move in tandem through cycles, they are moving to different scales.
Looking back to the last housing market downturn, the worst annual fall in sale volumes was -47.6% (year to February 2009) whilst the worst fall in prices was -15.4% (year to end March 2009).
Source: #Dataloft, Land Registry and HMRC, data to June/July 2023
How long do we stay in our homes?
27th November 2023
People move more often than they expect to, one of the findings revealed in the recently-released Property Academy Home Moving…
Can rents go up indefinitely?
23rd November 2023
Affordability limits have hit critical points in various UK regions, signaling a diverse landscape in the rental market. While Scotland…
Brighton and Hove City Council’s proposed property licensing changes – webinar
23rd November 2023
Join our exclusive webinar 29th November to explore Brighton and Hove City Council’s proposed property licensing changes. Discover city-wide Additional…
