Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it
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Written by mfuser
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Tuesday, 24 January 2012 00:00 |
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House sales in 2011 slumped to one of the lowest levels ever recorded, figures from HM Revenue & Customs show. House sales fell by 11% to 869,000 during 2011, the third year in succession that the UK housing market has recorded a fall in transaction numbers. HMRC data shows that the number of sales last year was equal to around half of that seen in 2007 before the effects of the banking crisis became apparent. Sales are predicted to remain relatively flat over the coming 12 months as lenders continue to constrain funding and deposits remain high. Yesterday's figure was only 21,000 more than was seen in 2009 when a record low of 848,000 properties were sold in the UK.
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Last Updated on Friday, 27 January 2012 11:55 |
