UK house sales fall by nearly a quar­ter

Yorkshire Post - Property - - PROPERTY -

SALES of UK prop­erty slipped by al­most a quar­ter in Septem­ber, ac­cord­ing to LSL Prop­erty Ser­vices.

The firm’s House Price In­dex shows that UK real es­tate transactions fell by 24 per cent last month, while house prices dropped by 0.1 per cent com­pared with Au­gust. The de­clines, which see the an­nual in­crease of UK house prices slow to 2.2 per cent, have been at­trib­uted to the knock-on ef­fect of the Olympics.

LSL Prop­erty Ser­vices com­mer­cial di­rec­tor David Brown says: “A com­bi­na­tion of dip­ping house prices and fall­ing sales num­bers point to a slow­ing mar­ket in Septem­ber as a lethar­gic mort­gage mar­ket and the knockon im­pact of re­duced buyer ac­tiv­ity in Au­gust took its toll dur­ing the month.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.