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UK home sales down in November, HMRC says | UK home sales down in November, HMRC says |
(about 6 hours later) | |
UK home sales fell in November as the property market showed little sign of fresh life at the end of the year. | UK home sales fell in November as the property market showed little sign of fresh life at the end of the year. |
There were 77,000 residential properties sold for more than £40,000 in the UK in November, according to HM Revenue and Customs (HMRC). | There were 77,000 residential properties sold for more than £40,000 in the UK in November, according to HM Revenue and Customs (HMRC). |
This was down from a revised figure of 80,000 the previous month and some 6,000 fewer sales than in the same month a year earlier. | This was down from a revised figure of 80,000 the previous month and some 6,000 fewer sales than in the same month a year earlier. |
A lack of demand from first-time buyers has pushed down sales and prices. | A lack of demand from first-time buyers has pushed down sales and prices. |
Prices | Prices |
The most recent surveys from the Nationwide Building Society and the Halifax showed that prices fell in November compared with October. | The most recent surveys from the Nationwide Building Society and the Halifax showed that prices fell in November compared with October. |
The slowdown in buying and selling has also had an effect on the prices charged for tenants. | The slowdown in buying and selling has also had an effect on the prices charged for tenants. |
The average monthly cost of renting a home rose again in November, to a record £692 a month, according to the recently-published LSL property index. | The average monthly cost of renting a home rose again in November, to a record £692 a month, according to the recently-published LSL property index. |
However, the group said rise in costs for tenants had slowed. | However, the group said rise in costs for tenants had slowed. |
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