Housing round up: Prices fall as sales remains static

Housing & mortgage round upThe number of house sales remains static, whilst sellers are reducing their asking prices and in many cases having to discount even further to secure a sale. House sales still subdued Figures released this week by HM Revenue & Customs (HMRC) show that the number of property sales year on year is still falling. HMRC figures show that 76,000 homes were sold in October, up 1,000 on the previous month, but down 3,000 on the same time last year. As the economy struggles, unemployment ...

HMRC: Property sales still subdued

New figures from HM Revenue & Customs (HMRC) show that property sales rose slightly in June, but are still down on the same time last year. According to HMRC 73,000 homes were sold in last month, an increase of 5,000 on May but still 12,000 lower than the same time last year. So far in 2011 382,000 houses have been sold in the UK, down from 407,000 at the same time last year. To put the figures into further context the number of houses sold in the first half of 2011 is less than half the number sold in the first half ...