Homes sales in the UK are still on the rise

Whilst house sale have seen a recovering during 2010, they are still not a patch on the glory days of pre 2009. The number of home sale was up 21% in June compared to March according to HM revenue and customs.

This present a positive outlook as the sales figures are 15 higher than the equivalent period last year. Overall this means that sales during H1 were 21% than 2009's H1. Undoubtedly house sales are still sudued, but they're going in the right direction.

The lenders are a in the mindset that this is the peak for 2010, and they don't expect any further rises like this. The bank of england recently sent out a warning that mortgages might be difficult to obtain in the coming months, and this would echo the lenders concerns.

Let's hope this doesn't lead to a decline in house sales, although it's likely this will be the case.