Propertymark response to National Statistics UK Monthly Property Transactions Commentary

In response to National Statistics UK Monthly Property Transactions Commentary, Nathan Emerson CEO Propertymark comments:

“A drop in transactions at the end of the year is a usual seasonal trend but coupled with rising costs and in turn, consumer confidence taking a dip – it’s inevitable that this figure will be slightly lower than usual. However, we are seeing promising signs in the housing market as serious buyers remain active and with interest rates remaining static, affordability is improving. Propertymark now hope to see drops to inflation and the UK Government looking beyond just cutting inflation to restore confidence to the housing market. They must make it their mission this year to implement policies that can lead to a housebuilding boom and make homes more affordable.”