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UK Housing Market shows an increase on 2009, but remains extremely fragile.

by admin on September 29th, 2010
in Mortgage Advice & Information

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Residential property sales activity fell 10.1% in September but remains up by 4.7% on 2009.

In industry report has shown that September saw the most significant month on month decrease in over six months after 1/2 yr of reductions.

Comparisons to September 2009 show that monthly sales for the same month were still up by 4.7% in 2010 and had increased by 20.0% compared to September 2007.

Mark leaper at Moneymatchmaker.com said: "Although it appears that the housing marking is showing signs of recovery, the market is still extremely fragile. House sales are at their lowest levels since the beginning of 2010, activity has increased compared to the same period in 2009, with regional fluctuation showing that some areas of the country are higher or lower than others."

Moneymatchmaker is seeing a marked increase in mortgage refinance and equity release mortgage scheme sales, which it is thought to be due to homeowners looking to secure the best deal to help reduce the cost of living.

Some of the best mortgage refinance deals are difficult to find, but the mortgage comparisons services offered online can help the consumer to find the best deals on offer to suit their exact needs.

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