Property transactions reach four year high

The latest property transaction figures released by the Land Registry show that non-seasonally adjusted transactions were at their highest level since December 2009.

89,460 transactions were carried out in August, up 0.4% up on July and 19.2% up on August last year.

Paul Smith, CEO of haart estate agent, said: “More good news for the property market. The HMRC’s figures show a steady improvement — up by nearly 20% compared to the same period last year.

“We are still a long way from the number of homes sold at their peak but this is concrete evidence that the UK’s housing market is on an upwards trajectory.

“With this news come improved sentiment and that’s a big driver in the residential property market. With all the government incentives and low mortgage rates, has there been a better time to move since the downturn? I think not.”

Today's Conveyancer