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

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