General
As Dwelling Construction Surges Housing Turnover Falls
By pairing annual settled sales data with dwelling counts over time the data shows the proportion of total housing stock turning-over on an annual basis. Despite a surging population and record high levels of new construction, a lower proportion of housing stock is selling.
Over the 12 months to September 2017, just 5.0% of the national housing stock transacted. This was the lowest proportion of stock-turnover since April 2012 when it was at an historic low of 4.9% of stock transacted….
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