House Sales flat but set for significant improvement
Government data shows what many of us have been experiencing, that house sales were flat for much of 2015; but the good news is the future is much brighter.
According to the latest figures from HM Revenue & Customs (HMRC) completed sales fell from 122,000 in October to 106,000 in November which is an indication that things were slow in the spring and summer periods.
The good news is that the British Bankers' Association (BBA) has now reported that November 2016 saw a 20% year on year increase in the number of UK mortgage approvals given.
Bearing in mind that mortgage approvals, like EPCs, are required near the beginning of the sales process, this may indicate things are on the up.
Energy assessors operating in the housing market rely on a fluid market. Elmhurst Energy predicted that the market would slow around the time of the General Election in May but we were surprised that it didn't bounce back soon after. We continue to lobby for government to help stimulate the building of new houses which will energise the market for existing dwellings too.