Press response to HMRC's UK Property Transactions Statistics for August 2014
Tue 23 Sep 2014
Peter Rollings, CEO of Marsh & Parsons, comments:"After a stirring start to the year, the UK property market has calmed, and trading conditions are beginning to look reassuringly more familiar again. Steep house price growth during the first three months has softened to a steadier and more sustainable upward slant, as demand is finally being matched by an encouraging amount of new housing stock on the market.
"The volume of house sales dipped in the month to August 2014, but if we look at the figures through a longer-term lens, there has still been a healthy step forward compared to the same point last year. The market may have wound down for summer as it recovered from the adjustment of tighter lending regulation coming into force, but theres still plenty of gas left in the tank. We expect sales to move up a gear in the autumn, as calmer competition for available homes boosts the confidence of home buyers and pedals the wheels of activity."