House buying and selling to double in next three years. The next three years are expected to see a 50 per cent rise in housing transactions. The number of people buying and selling property in the UK is expected to increase markedly over the coming years. Housing transactions are likely to have grown by 50 per cent by the time 2016 rolls around, with numbers moving above the one million mark for the first time since before the recession.It was put forward that while transactions this year stand at just 734,000, this figure is in store for a steep climb to 1.1 million over the next five years. It is claimed transaction levels represent a better indicator of housing market recovery than house price movement, stating: A liquid and active market is the key to avoiding volatility and to ensuring a stable and sustainable housing market in the UK. It is also indicated that government initiatives such as Help to Buy and Funding for Lending, in addition to economic recovery, will help boost confidence in the market. ultimateproperties.co.uk will be there all the way!
Posted on: Fri, 01 Nov 2013 18:15:11 +0000
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