CML residential transaction forecasts for 2015 /2016
According to the CML housing market activity has nudged lower since the summer of 2014. TCML residential transaction forecasts for 2015 /2016
According to the CML housing market activity has nudged lower since the summer of 2014. This is consistent with their long-standing view that affordability considerations would limit the scope for transactions to return to longer-run norms. CML expect the pace of house purchase in 2015 and 2016 to be a little below this year’s level.
CML transaction forecast.
|
RESIDENTIAL PROPERTYTRANSACTIONS,UK 000S |
|
| 2006 |
1,670 |
| 2007 |
1,614 |
| 2008 |
900 |
| 2009 |
858 |
| 2010 |
886 |
| 2011 |
885 |
| 2012 |
932 |
| 2013 |
1,074 |
| 2014 |
1,225 |
|
(1,230) |
|
| 2015f |
1,180 |
|
(1,150) |
|
| 2016f |
1,180 |
Note: figures in brackets show CML forecasts as at July 2014