THE full extent of the slow-down in the Cornish property market towards the end of last year has been revealed in the latest release of data from the Land Registry.
House sales in the county slumped by more than 40% in the final quarter of 2004 compared to the same period in 2003, although average prices were still considerably ahead year-on-year and estate agents are viewing this as a cooling-off in the market rather than a crash.
Figures just released by the Land Registry, which records details of all property transactions and is therefore seen as the most authoritative source of market information, show that only 2,097 houses were sold in Cornwall between October and December last year compared to 3,722 in the same quarter of 2003.
The figures show that the average price of houses sold in Cornwall during the final quarter of the year was £204,427, 17% ahead of last year.
(Full story in this week's Packet)
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