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Housing transactions are expected to double

Mon 18 Nov 2013

Over the next three years the UK housing market could see housing transactions double with the number of people buying and selling in the UK expected to rise. 

According to research by Hamptons international, housing transactions are likely to reach around 1.1 million per year over the next five years. This year transaction levels currently stand at 734,000.

Fionnuala Earley, Research Director at Hamptons International commented: “The fixation with house prices as an indicator of housing market recovery is misplaced. Transaction levels are a far superior indicator of housing market health. A liquid and active market is the key to avoiding volatility and to ensuring a stable and sustainable housing market in the UK”.

Government schemes such as Help to Buy and Funding for Lending are also helping to boost the market along with the economic recovery which is bringing confidence to the housing market.

"Hi Andrew, Thanks so much for all your help in completing the sale of my flat. I will not hesitate to recommend Lane & Holmes as the best estate agents in Bedford, and by a long way. I have absolutely no complaints about the way the sale went and for all of your and your colleagues help and advice. Thanks again. Best wishes, Rob "
Rob Mundin