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The Cream of Chorlton


Property sales down 15%, but prices up, says Land Registry. The number of homes being sold in England and Wales has fallen significantly, according to figures from the Land Registry.

In May this year, there were 65,619 transactions in total, a 15% fall on the same month in 2014.However, prices in some property hotspots are still rising by up to 13% a year, due to lack of supply.

The number of homes being sold for more than a million pounds dropped dramatically - down by 21%. The Land Registry figures include cash sales, as well as properties bought with mortgages.

Some experts have welcomed what they see as a cooling of the market. Price rises, however, the fall in transactions appears to be putting further pressure on house prices.

Earlier this month, the Royal Institution of Chartered Surveyors (Rics) reported that the number of homes for sale was at a record low.

The Land Registry has already reported that house prices in England and Wales rose by 4.6% in the year to July 2015.

Here at JP & Brimelow Chorlton Ltd I have Brendan from Brown Financial Services based here in my office providing you with mortgage help. Please don’t hesitate to contact my Sales department on 0161 882 2233 to arrange a suitable time to discuss further or for a FREE MARKET APPRAISAL of your home this Autumn.


'Keep your face to the sunshine and you cannot see a shadow.'


Kind regards

Eddie Ellis MNAEA
Director
JP & BRIMELOW Chorlton



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