Response to the latest property transaction figures from HMRC
Tue 24 Dec 2013
Peter Rollings, CEO of Marsh & Parsons comments: "This mornings figures are the proof in the pudding that the UK housing market is returning to form. The number of property transactions has now reached levels not seen since December 2007, although they are still some way off the peak of that year. Rather than slowing down for winter, the 2013 market is actually speeding up, with more transactions taking place in October and November than during the summer.
"The market may be warming up, but its not overheating. The London housing market saw a remarkable uplift in prices during 2013, and we expect a similarly strong start in 2014 to drive an annual price increase but these wont be as spectacular as last year. With ongoing support from Government initiatives, we expect the rate of growth to remain sustainable."