In Britain, real estate sales fall to 40-year low

In Britain, real estate sales fall to 40-year low

... And it will happen on the basis of 2011. At least, this is the disappointing forecast of research company Hometrack.

Until the end of this year, there is still one month rates, but the real estate market right now is poor, and that allowed the company to make such a prediction. Especially in the pre-Christmas bustle of the British unlikely to rush en masse to buy the house.

In quantitative terms, sales for the year amount to about 840 000 objects, experts say the company, which refers to the portal Mortgage Strategy.
In addition, their data, in November, house prices in Britain fell by 0.2% compared to October, and the number of new customers who sign up in the real estate agencies, fell by 2.2%.

According to the Head of Research Department Hometrack Richard Donnell, the cost of housing in the country is continuously decreasing over the past 16 months. However, in 2011, this figure fall at an annual rate of only 2.3%.

Best of all things, of course, in London, which marked not only price stability but also a record value of rental housing.