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Article: Bay home sales halve in a year
- Article from:
- Herald Express (Torquay UK)
- Article date:
- September 4, 2008
- Author:
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Copyright informationCopyright 2008 Herald Express (Torquay UK). Provided by ProQuest LLC. (Hide copyright information)
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House sales in Torbay have more than halved over the past year in
the face of the continuing economic downturn.
Latest Land Registry figures reveal the number of properties sold
in the Bay slumped by more than 50 per cent, to 153 in May, compared
to 338 for the same month in 2007.
And the gloomy picture was repeated across the rest of Devon with
property sales plummeting by 40 per cent during the same period from
1,544 to 913.
Nigel Green, managing director of South Devon agents Nigel Green
Property Sales and Rentals Ltd, said: "The situation isn't great,
but the South West has held up better than most other parts of the
country.
"Here volume of sales may have fallen by 40 or 50 per cent, ...