Response to HMRC's Property Transactions Figures for September 2015
Thu 22 Oct 2015
Peter Rollings, CEO of Marsh & Parsons, comments: "There was a real step-change in the gears of housing market activity over the summer, and since June property sales have been ticking along nicely, this month-on-month rise is the latest cause for optimism. Theres now clear blue water between current sales levels compared to a year ago and were seeing real eagerness from buyers.
"Already, many buyers and sellers will be using the countdown to Christmas as their deadline to move home and complete transactions, meaning activity often picks up the pace in autumn. London is a city of two halves at the moment at the top-end, buyers are more cautious, and are taking their time to get used to steeper Stamp Duty on million pound plus property sales. But at the mid and lower range of the market where domestic buyers tend to dominate, there are high levels of demand facing up to restricted housing stock. However, were seeing good activity when property is priced correctly, but longer chains than ever as sales activity stacks up."