UK house price growth Average property price UK house price growth Stamp duty holiday UK house prices property market
Marketing No Comments

The property market has begun to level out compared with the start of the year, but remains incredibly active, according to Andy Sommerville, director at Search Acumen.

He added that demand is still strong, and that Search Acumen expects it to fuel activity in the property market well into Autumn and beyond.

Get in touch with Mortgage Broker UK today to discuss your residential and Buy to Let Mortgage requirements.

The latest UK monthly property transactions data showed that the provisional seasonally adjusted estimate of UK residential transactions in September 2021 was 160,950, 68.4% higher than September 2020 and 67.5% higher than August 2021.

Sommerville said: “These latest figures reflect the ambition of homeowners to get property transactions over the line whilst the stamp duty financial incentive still stood.”

He added that first-time buyers, families and those looking for properties outside cities have carried the weight of the market and have taken the most benefit from the stamp duty holiday.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

Somerville said: “Throughout the year, many lawyers have embraced digital ways of working in order to deliver efficiencies to the transaction processes and avoid burnout.

“Given the foreseeable levels of high demand, a long-term and sector-wide shift towards digitisation is needed if we are to accommodate speedier transactions and improve services to buyers in the long run.”

By Jake Carter

Source: Mortgage Introducer

Discover our Mortgage Broker services

Leave a Reply

Your email address will not be published. Required fields are marked *

The reCAPTCHA verification period has expired. Please reload the page.