Liquid error: wrong number of arguments (2 for 1) Housing Transaction At Six-Year High | Marsh & Parsons Sales and Lettings Estate Agents London

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Housing Transaction At Six-Year High

Tue 24 Dec 2013

Housing transaction at six-year high

There were 107,380 property transactions during November 2013 the highest level since December 2007 when

the market was beginning to slow down, figures from HM Revenue and Customs show.

The number of transactions in November was 23.5 per cent higher than the same month last year, and a 1.5 per

cent increase from October.

Peter Rollings, CEO of Marsh & Parsons, commented: 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.

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