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Property sales rose steeply in second half of 2009
08 Mar 2010
Posted by Jonathan Walker
The second half of 2009 saw a major rebound in the housing market when many more transactions were completed by property insurance policyholders, according to new figures.
A report by property website Zoopla.co.uk showed that nearly two-thirds of the homes sold in 2009 changed hands during the latter six months of the year.
The website said that house sales were 6.8 per cent lower last year than in 2008.
However, transactions between property insurance policyholders were up by 35 per cent in the final six months of the year compared to the same period in 2008.
Nicholas Leeming, commercial director of Zoopla.co.uk, said: "2009 was a tale of two halves for the UK property market. The first half of the year was pretty poor coming off a year of transaction volumes at historic lows."
Halifax's latest index shows that house prices fell by 1.5 per cent in February, marking the first decline since June 2009.
