News

PROPERTY SALES HIT ANNUAL HIGH IN NOVEMBER

Home sales hit their highest monthly level of the year so far in November, figures from HM Revenue and Customs (HMRC) have shown. There were 85,000 property sales during the month, up from 79,000 in October, it said. However, despite the apparent pick-up in transactions, the...

ECONOMIC CONFIDENCE KEY TO HOUSING MARKET

A growing proportion of surveyors believe that economic uncertainty is holding back housing market activity. This was considered to be a bigger reason than the availability of mortgages and worries about house price falls, the Royal Institution of Chartered Surveyors (Rics) said...

OBR SAYS HOUSING MARKET TO 'SURGE' IN 2013

Housing market activity will surge in 2013 after a stagnant few years, according to forecasts from the Office for Budget Responsibility (OBR). It said there would be a 20% rise in transactions in 2013-14, compared with the previous year. The OBR also predicted that house prices...