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Transactions slip nearly 17% in a year as property supply falters

fIXFLO news story

Transactions fell sharply in January, the haart chain has reported.

Based on its own data, it says that houses sales measured at exchange were 9.5% down in volume from December, and 16.6% down on January last year.

The firm said that house prices were also down – 0.5% on the month and 3.5% year on year.

New buyer demand rose by 7.8% in January compared with the month before, but was down by 37% on the year.

The number of new properties coming to the market was 0.3% down on December and nearly 2% on the year.

Haart CEO Paul Smith said that “a multitude of barriers” are stopping buyers from taking the plunge.

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Source:: Transactions slip nearly 17% in a year as property supply falters