Transactions across the UK were down 16.2% last month compared with August last year.
Haart has made the prediction, based on its own data.
Despite the annual plunge, sales – ie, exchanges – did pick up by 5.6% on a monthly basis.
Haart is forecasting 49,550 transactions in August.
The agent is also forecasting that average UK house prices stood at £228,831 – down 1.9% from July’s figure, but 5% up from August last year.
The London average house price is put at £524,645, down 3.4% on July but 2.7% up on August last year.
CEO Paul Smith said the market was still suffering from the “Brexit blues”, but added that in London the rise in Stamp Duty had had the more profound effect on the market.
Haart are struggling due to their stupid fee structure, not because of Brexit.
Smith does have a point on the Stamp duty, however.
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Across the country, on average our customers exchanges are down 11.7% last month compared to August 2015.
Looking at August 2014 they are up 7%. How does this compare to others?
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