More housing transactions

According to Acadametrics House Price Index, there was a jump by 11 per cent in housing market transactions for the second month in a row.

Thus, the number of transactions increased from 64,915 in June to about 72,100 in July. On the whole, the activity has doubled since the beginning of the year.

Peter Williams, of Acadametrics, comments that the jump in transactions is more than unusual since the monthly average over the period of the last fifteen years is 4.1 per cent growth.

In addition, house prices have experienced a slight increase (0.1 per cent) in July, which is unusual because they haven’t risen for the last five months.
 


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