Completions still bumping along at half 2007 levels
News Category: Industry News
Published: 22-Sep-2010
Completions fell to an estimated 77,000 last month, according to HMRC.
The estimate follows the Council of Mortgage Lenders’ news that mortgage lending fell to its lowest in August for ten years in terms of value.
According to the tax man, there were 81,000 completions in July and 71,000 in August last year.
If both HMRC and CML figures for August are correct, it would suggest that more properties sold, but at lower prices.
The figure of 71,000 completed transactions in August is just under half the 146,000 in the same month in 2007 – at the peak of the market.
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