Housing sales slump 31% in a year

The number of houses and flats finding new owners has fallen nearly 31% over the past year, according to new figures from the land registry office Kadaster.

In September, just 7,143 homes changed hands, down 30.8% on the year-earlier period. Over the first nine months of this year sales are down 8%, the land registry office said.
The land registry figures lag behind developments reported by estate agents because of the time it takes property transactions to be processed.
Detached homes were the least badly affected by the slump with a drop in sales of almost 10%.

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