Liquid error: wrong number of arguments (2 for 1) 'Market is not overheating' - Marsh & Parsons | Marsh & Parsons Sales and Lettings Estate Agents London

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'Market is not overheating' - Marsh & Parsons

Mon 06 Jan 2014

The latest transaction figures from HMRC prove that the UK housing market is returning to form, according to

Marsh & Parsons CEO Peter Rollings.

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

the market was beginning to slow down.

This is a 23.5% increase on November 2012 - and a 1.5% rise from October. Rollings said: "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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