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Article: Credit crunch bites as home sales slump
- Article from:
- South Wales Evening Post
- Article date:
- September 3, 2008
- Author:
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Copyright informationCopyright 2008 South Wales Evening Post. Provided by ProQuest LLC. (Hide copyright information)
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House sales have slumped by almost 40 per cent in parts of South
Wales over the past year as the credit crunch continues to bite, new
figures have revealed.
Figures published by the Land Registry show the biggest fall in
the number of sales being reported by estate agents was in Neath
Port Talbot, with Carmarthenshire and Swansea close behind.
In May 2007, 204 sales went through estate agents' books in Neath
Port Talbot, compared to just 126 in May this year - a drop of 38.2
per cent.
Carmarthenshire saw the next biggest fall with the number of
sales dipping from 278 in May 2007 to just 180 in May 2008 - a drop
of 35.3 per cent.
In Swansea the number of house sales fell from 432 in May 2007 ...