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Transaction levels still on the floor
Wednesday 2nd September 2009
The latest Land Registry figures on transactions show that in May this year, there were just 42,699 completed sales in England and Wales.
The figure was 34% down on May 2008, when there were 65,023 transactions.
By the end of May this year, there were 169,480 transactions. By the end of May last year, there had been 304,825 transactions – a significant drop on 2007 levels.
The Land Registry data also shows that house prices crept up in July, although they were still 11.7% down on July 2008.
Estate Agent Today
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