The latest numbers published by HM Land Registry give us a clue to the relative health of the housing market in England & Wales. Taken together with the historic numbers I record and using industry data on average fees from the NAEA we get an idea of the challenges facing sellers and their agents.
You can get an idea of the trends by looking at The Market (above) which has graphs showing asking prices, sale prices, volumes of new homes coming onto the market, volumes selling and the resilience of the very top end of the market – over £1m which appears to be in rude health!
It’s no great surprise that the main concern remains volumes and the lack of turnover. Whilst the centre of London remains isolated in this regard, particularly at the top end, agents elsewhere are having tough time.
One thing we can be sure about is that the second half of the year is going to be interesting.