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.
"Hello Andrew Rob has told me about your lovely e-mail to him - thank you. I too want to say thank you for all your help, professional and friendly. It was such a comfort to me knowing I could ring for your help which you gave me unstintingly (is there such a word). I will not hesitate to recommend L. & H. Why would anyone go to any other Agent. Please thank your staff for all their efficient and professional help. Kindest regards. Pat "