Private Finance comments on HMRC Property Transactions

Shaun Church, Director at Private Finance, comments on the recent publication of the HMRC Property Transactions for December 2019.

“The end of 2019 saw a surge in property transactions, and this increase in activity looks set to continue into early 2020. The decisive outcome of the General Election has generated a surge in interest from buyers and sellers, who now with greater clarity and certainty on the UK’s political future, are ready to make their move.

“House prices are still factoring in a discount following three years of political turmoil, while mortgage rates are close to record lows and set to fall even lower if rumours of a Bank of England rate cut prove to be true. From an affordability perspective, now is therefore a great time to buy and progress up the ladder. These conditions won’t stick around forever though, so those looking to make their move should do so soon.”

Kindly shared by Private Finance