November sales dwarf 2008 sales

Nia Williams

December 3, 2009

Although the number of properties ‘Sold’ in the UK fell by 8.3% in November compared to October, this figure was a much shallower fall than the previous two years which saw falls in sales in November of 23.9% in 2008 and 20.5% in 2007.

Commenting on the latest Index results, Stephen Watson, managing director, Agency Express, said: “We usually expect to see a considerable and universal decrease in UK property sales in November compared to October as the festive season approaches, but this year we are seeing significant signs that the market is fighting back. The decrease in November was less than expected especially when you consider that October was a particularly buoyant month.

“The picture across the UK is fragmented with a number of geographical areas showing an increase in sales and a number showing quite considerable decreases. But with the overall level of sales 66% up on this time last year and a more positive trend, we can look forward to more encouraging news in the New Year.”

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