Budget fears caused house sales fall
Housing market activity slowed down during June as uncertainty caused by the Budget led to people putting moving decisions on hold, research indicated today.
The average number of properties sold per estate agent fell to six during the month, down from eight in May said the National Association of Estate Agents.
The number of new properties being put up for sale also dropped for the first time in four months, with estate agents having an average of 59 properties on their books in June, compared with 62 in May.
The group attributed the falls to people delaying plans to buy or sell a home until they had a clearer idea of what impact the Budget would have on them.
But there were signs that the housing market may pick up during the summer.