Mortgage Introducer: Transaction levels rise in September
Tue 20 Oct 2015
The number of residential properties changing hands in September hit 106,030, the latest figures from HMRCshow.
The seasonally adjusted figure for September saw a slight rise from the previous month's transaction number of105,160.
The number of transactions in September 2014 was 100,560, up 5.4% annually.
Brian Murphy, head of lending at Mortgage Advice Bureau, said the figures were "an encouraging sign" that themarket is continuing to recover.
He said: "It is certainly promising to see housing activity above the levels seen 12 months ago, but there isincreasing pressure on levels of housebuilding as demand continues to outweigh supply.
"The reality is there are still not enough homes to cater for the strong housing demand across the UK, andtransactions are likely to suffer if supply doesn't soon improve.
"New government schemes to improve affordable housing must be in addition to better overall housebuildinglevels if they are to make any real impact."
Peter Rollings, chief executive of Marsh & Parsons, added: "There was a real step-change in the gears of housingmarket activity over the summer, and since June property sales have been ticking along nicely, with thismonth-on-month rise the latest cause for optimism."