Housing transactions inch upwards as year begins

There were 101,170 housing transactions in the UK in January, HMRC has reported.

The figure, on a seasonally adjusted basis, was up by 0.8% on the previous month and by 1.3% on January last year.

On a non-seasonally adjusted basis there were some 80,000 transactions, around 0.9% higher than in January last year.

Richard Donnell, research director at Zoopla, said: “The background for housing sales remains broadly positive with employment levels hitting record highs, continued low mortgage rates and growth in first-time buyer numbers.

“Market forces have impacted sales volumes in south-eastern England and this is acting as a drag on overall residential transaction volumes.

“The annual increase in property transactions is a reflection that, despite increased uncertainty, households continue to make decisions to buy and sell property.

“Our analysis shows mortgaged home owners accounting for 71% of sales, up from 61% in 2015 when investors and cash buyers were more prolific.”

“Our model is based around flexibility and transparency”, explained James. “Our doors don’t close at 5pm like most estate agents. At James Black Homes we go further. We’re open from 8am – 8pm, 7 days a week, giving you greater flexibility.”

2019-02-22T11:22:26+00:00 Uncategorized|