Number of house transactions to double in 2014

Number of house transactions to double in 2014

A recent survey carried out has revealed that over the next three years the UK housing market could see house transactions double with the number of people buying and selling in the UK expected to increase.

The research has been carried out by Hamptons international, who’s house transaction forecast has indicated that the number of transactions are likely to increase to 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 added: “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 improve the market along with the economic recovery which is increasing confidence in the housing market, with the scheme launching in Wales last week.

Express Conveyancing has made all the relevant provisions to deliver a stirling service to all our clients during this busy period.

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