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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.

"To The Directors We would like to take this opportunity of thanking your company but especially your sales representative Cathy Clark for the hard work and professionalism she showed in helping and supporting my wife and I , through what proved to be a long and at times fraught sale of our property. She was always available with an encouraging word and when things “out of our control” needed sorting , she dealt with them quickly and efficiently. Please pass on our thanks to her and also all your other staff who were involved in our house sale. Kind Regards Ian & Lynda Gaskin "
Lynda and Ian Gaskin