House sales edging slowly upwards

The JournalJune 27, 2009

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Summary


THE number of homes changing hands continued to edge up during May as low interest rates and recent house price falls tempted buyers back to the market.

Around 62,000 residential properties costing more than pounds 40,000 were sold during the month, 7% more than in April, according to HM Revenue & Customs. The figure was the highest since October last year and more than 50% above the low of 41,000 reached in January.

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Extract


House sales edging slowly upwards

But despite recent increases, property sales are still well down on levels of more than 100,0...

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