'Challenging' times for Bradford estate agents - but things are improving (From Bradford Telegraph and Argus)
Estate agents across Bradford say the housing market is slowly improving after new figures revealed the number of people moving home hit a record low in the depth of the recession.
But despite the slight improvement, property experts in the district admitted things were still “challenging.”
Yesterday, the Office of National Statistics (ONS) said that, during the low point in 2008-09, only nine per cent of householders in England had moved to a new home within the previous 12 months – the lowest numbers since records began in 1994-95.
The figures are part of the latest chapter of Social Trends, published by ONS, which also revealed the number of loans approved in July, 2007, the month before the credit freeze began, was 62,263.
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