Housing transactions drop by 53.4% during April, but over 50k sales still completed

first_imgHome » News » COVID-19 news » Housing transactions drop by 53.4% during April, but over 50k sales still completed previous nextHousing MarketHousing transactions drop by 53.4% during April, but over 50k sales still completedShocking once-in-a-lifetime results from HMRC reveal the hammer blow the sales market received last month following the Coronavirus lock-down.Nigel Lewis22nd May 20200672 Views It is unlikely that most estate agents will ever read this again during their careers, but HMRC has reported that house sales bombed by 53.4% last month compared to a year ago.House transactions dropped from 100,000 in April 2019 to 46,440 last month which HMRC says is entirely attributable to the Coronavirus house moving ban introduced on 26th March but lifted on 13th May.Sadly for estate agents, April is one of the busiest months during the annual home moving calendar and over the past ten years four of them have seen more than 100,000 homes sold.“The sheer scale of the collapse is staggering but what has to be remembered is that demand for residential property sales cannot be compared with demand for other items in consumers’ regular basket of goods,” says Andrew Southern, Chairman of property developer Southern Grove.Rise from the deep“Residential transactions are usually motivated by necessity so, subject to the economic realities that prevail as the country starts to emerge from this crisis, many of these missing sales should rise from the deep. This will hopefully shore up confidence in the house-building sector as activity rebounds unusually strongly later this year.”Joseph Daniels, founder of eco-developer Etopia, says: “The early signs from our own development is that sales underway before the lockdown were simply paused and, thankfully, sales are proceeding again all over the country.“While it might take a bit more time for sales to pick up as buyers and sellers alike become comfortable with viewing homes under socially distanced conditions, at least the pent up demand from those who were already in the middle of a purchase prior to lockdown can now be released.”Read more about Coronavirus and its effect on the housing market.hm revenue & customes HMRC May 22, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Will your credit union still be relevant in 5, 10, 15 or 20 years?

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr We’ve all seen the trend of credit unions ceasing to exist at the rate of about one every other business day. Using National Credit Union Administration data, in 2018, the number of credit unions declined by 175.Interestingly, we continually hear boards and management teams focus on strategic targets and goals that seemingly ignore this reality–the typical thought being that “our” organization is different and will beat the odds. As such it will end up being a survivor for the long term (assuming some magic wand is waved by the credit union growth fairy!).Truth be told, credit unions haven’t had to focus on growth and posture (relative position with respect to the averages in the marketplace) within the market as a strategic imperative. You simply served your members (often from a limited company, industry or government/educational group) and they remained loyal to you for the duration. Fast-forward to today and credit unions have largely migrated to community-based charters, meaning you and every financial institution in the market (including other CUs) are fighting for relevance among the folks in the community you serve.last_img read more

Lights Back On In Oldenburg After Tuesday Morn. Outage

first_imgDown power lines forced a significant power outage and road closure early Tuesday morning.Police responded to a downed tree in the power line about a half mile north of Batesville on S.R. 229 between Pocket Rd. and Oldenburg around 4:20 a.m.Duke Energy crews worked on the scene as nearly the entire town of Oldenburg was without electricity for three hours.The lights came back on for residents around 7:30 a.m. S.R. 229 at Pocket Rd. has also reopened to traffic.last_img

Serie A finally returns!

first_img The round concludes on Sunday, as Champions League quarter-finalists Atalanta host unpredictable Sassuolo in a game that ought to guarantee goals at 18.30 UK time (17.30 GMT). Gravina  Read Also: La Liga: Barcelona suffer title blow in 0-0 Sevilla draw You can read the Serie A Preview for Atalanta-Sassuolo here. Antonio Conte’s Inter must beat Sampdoria to keep their Scudetto dreams alive, welcoming Claudio Ranieri and Fabio Quagliarella’s side to San Siro on Sunday at 20.45 UK time (19.45 GMT). FacebookTwitterWhatsAppEmail分享 We begin today at 18.30 UK time (17.30 GMT) at the Stadio Olimpico Grande Torino, as the Granata host Gervinho’s high-flying Parma. You can read the Serie A preview for Torino-Parma here. At 20.45 UK time (19.45 GMT), Hellas Verona and Cagliari go head-to-head in an unexpected battle for Europe, as Walter Zenga finally makes his debut on the Sardinian bench. You can read the Serie A preview for Cagliari-Verona here.Advertisement Serie A finally returns this evening with the outstanding Week 25 fixtures: Torino-Parma, Cagliari-Verona, Atalanta-Sassuolo and Inter-Sampdoria.center_img Loading…last_img read more