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UK: Housing turnover may dip to new low

Posted on 28 November 2011

A property analyst has warned that 2011 could see the lowest level of housing turnover in 40 years, as new figures showed prices dipped again in November. Hometrack said 840,000 sales are expected this year - almost 50% lower than the figure for 2007, cementing expectations of the low milestone for 2011.

The analyst’s latest housing survey showed that prices fell by 0.2% in November from the previous month, following another 0.2% tumble in October……………………………………….Full Article: Source


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