House sales down by 30% across UK

Sales volumes across the UK plunged year on year this summer.

According to the new official Government survey, on an annual basis transactions were heavily down in every country – and by almost one third in England.

The data relates to June, the latest month for which transaction data is available.

While June’s sales volumes were little different from May’s, the survey does say that home sales in the UK remained ‘stable’ between July and August, suggesting little pick-up.

In England, transactions stood at 57,637, 32.2% down from the 85,020 recorded in June 2015.

In Wales, sales dropped 27.1%, from 4,181 to 3,046. In Scotland, the drop was 7.4%, down from 9,307 to 8,620. In Northern Ireland, sales were 21.6% in the second quarter of the year, falling from 5,200 to 4,075.

Overall, sales are below the levels of June 2013, 2014 and 2015, and comparable to those in June 2012.

The official index also shows that the average price of a property in the UK was £218,964 in August – up 1.3% on a monthly basis and 8.4% annually.

According to the new official Government survey, average prices ranged from £123,241 in Northern Ireland (for the second quarter of this year) to £235,573 in England.

In Scotland the average house price was £144,561 and in Wales £144,514.

The average house price in London was £448,908.

The survey is calculated by the Office for National Statistics using data provided by bodies including the Land Registry.


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Written by: Houseladder