The number of UK residential property transactions rose by 9.7 per cent year-on-year in January, fresh figures from HMRC shows.Last month there were 105,940 residential property transactions, which although on a seasonally adjusted basis dropped 2.8 per cent month-on-month, was notably higher than the same month last year, a sign that while there remains much uncertainty due to existing global economic conditions, the market is now in a much healthier position than in January 2015.“Strong market conditions prompted a solid annual increase in the number of residential transactions this January, despite the typical monthly fall from December as activity from buyers and sellers tapered off after the end of the year,” said Brian Murphy at MAB.Andy Sommerville (left), Director of Search Acumen, like many housing commentators, expects to see transactions rise further before April, as the market braces itself for a “buy-to-let surge” ahead of changes to stamp duty.“The full picture of the Government’s intervention into buy to let is likely to reveal itself at the end of the first quarter,” he said.“While lack of affordability and housing supply remain a key issue, this month-on-month dip should be seen in the wider context of uncertainty around Brexit and turbulent stock markets at the beginning of the year,” Sommerville added.The hike in property transactions, a decline in the number of homes coming onto the market, and the announcement of new stamp duty rates for investors in November’s Autumn Statement, have placed upward pressure on house prices, which rose by 2.5 per cent in January, adding more than £4,700 to the average cost of a property, Land Registry figures show.The annual price change now stands at 7.1 per cent, bringing the average price of a home in England and Wales to £191,812.Peter Rollings (right), CEO of Marsh & Parsons, commented, “House prices have made quick progress already in 2016, and this will be a pleasant wake-up call for homeowners considering selling in the spring market. First-time buyers and buy-to-let investors are moving at a brisk pace, and while they continue to grossly outnumber properties for sales, house price growth will persist through the wider political uncertainty.”London is in a whole different league, with property values pushing 14 per cent annual growth, according to the data.Andrew Bridges, Managing Director of Stirling Ackroyd, said, “Property prices are galloping out the stalls. But it’s essentially a one-horse race in the house price stakes – and London is winning by several lengths.“Optimism and enthusiasm for an area are positive reasons for house price jumps. But as this race progresses, the going is getting tougher for first time buyers and anyone aiming to move towards the economic gravity of London and the South East. London has always been a city of mismatch – between unaffordable and affordable boroughs. But now higher prices are triumphing across a much wider area, and some buyers are left with fewer options – and less value for their money.“New homes are the only way to maintain more sustainable price growth – and blinkered planning rules are getting in the way of London’s future.”Marsh & Parsons Peter Rollings property transactions increase Andy Sommerville residential property transactions Search Acumen March 3, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Property transactions increase 9.7 per cent previous nextHousing MarketProperty transactions increase 9.7 per centHouse prices rise on the back of a notable rise in transactions.The Negotiator3rd March 20160640 Views
The #Cubs today activated LHP Jon Lester off of the 10-day IL. LHP Tim Collins was optioned to @IowaCubs following last night’s game. pic.twitter.com/j5i3Vn95KF— Chicago Cubs (@Cubs) April 25, 2019MORE: Watch ‘ChangeUp,’ a new MLB live whiparound show on DAZNTo make room on their roster, the Cubs sent pitcher Tim Collins to Triple-A Iowa.Lester, 35, was placed on IL on April 10 (retroactived to April 9) after he sustained a left hamstring injury April 8 against the Pirates. Jon Lester is back.The Cubs ace has been activated off the 10-day injured list and will take the mound Thursday against the Dodgers, the team announced. Lester was 1-0 record after his Opening Day start and has a 2.57 ERA in three starts this season.He will try to help the Cubs sweep the Dodgers at home in the third game of their series. According to the Chicago Tribune, Lester — who didn’t go on a minor-league rehab — is expected to throw up to 80 pitches and Tyler Chatwood is available in long relief.He won’t take the mound in the team’s next series, against the Diamondbacks, as the Cubs’ projected rotation will send Kyle Hendricks, Yu Darvish, and José Quintana to the mound, in that order, in a three-game series in Phoenix, followed by an off-day on Monday.
Share on LinkedIn FA to push for cut on overseas players in Premier League regardless of Brexit Topics Rumour Mill Lorenzo Pellegrini’s agent, meanwhile, has poured freezing cold water on a move from Roma to Manchester United. The midfielder has a £26m release clause in his contract but “Pellegrini is only thinking about improving with and for Roma”. He added: “I’m sorry that rumours [about Manchester United] have spread about financial aspects relating to him and his team-mates, but it doesn’t matter for Lorenzo. He doesn’t live for meetings, especially financial ones,” Giampiero Pocetta told Corriere dello Sport, an apparent blow to accountants everywhere.Liverpool fans: rejoice! Any fears that you might lose Mo Salah or Sadio Mané to Barcelona look like they can be shelved for another three years after reports in Spain that the Reds inserted a clause into the Philippe Coutinho deal that prevents the Catalan side from signing any Liverpool player until 2021. Then again, Real Madrid do not care about that clause, so feel free to fret.Here are three things you probably didn’t know about Salomón Rondón. His first name is actually José, his father is a chemistry professor and fresh from scoring a game-winning double against Bournemouth last time out, Newcastle want to turn his loan move into a permanent one in January, despite those goals being his only league goals in a black and white shirt to date. West Brom, his parent club, want £16.5m.Obligatory Chelsea loan update: Callum Hudson-Odoi is one of the most talented young English players around and is still about 15,846,261 years from cementing a first-team place at Stamford Bridge, so looks set to leave on a temporary basis in January – Burnley and Southampton lead the race. Milan are also speaking to the Blues about extending Tiémoué Bakayoko’s loan move to the summer while Ruben Loftus-Cheek is apparently tempted to wear the blue of Schalke come the new year – the Bundesliga club are competing with Crystal Palace for yet another loan deal. Football features Share via Email Share on Facebook Swap deals are exciting. Inter’s Bobby Carlos and Real Madrid’s Ivan Zamarano moved in opposite directions in 1996, Milan and Juventus decided Gonzalo Higuaín and Leonardo Bonucci were worth the same last summer and we all know which of Chelsea and Arsenal did the better out of the Ashley Cole-William Gallas trade. After his maverick Alexis Sánchez-Henrikh Mkhitaryan swap, Manchester United’s Ed Woodward has another proposition on his hands: Anthony Martial for Inter’s Ivan Perisic (if he doesn’t fancy splurging £30m on the Croatian). Pros: Perisic has a better left foot. Cons: Martial has probably been United’s best player in recent weeks, is seven years younger and gets on really well with Paul Pogba. Stranger things have happened.Mill fave Alex Sandro has used the classic international break interview smokescreen to stoke up whispers he could leave Juventus for England. “I think, one day, who knows what will happen?” the Brazilian flirted. “I have a desire to play in the Premier League but right now I am very happy where I am at, the club I am at [Juventus], the league I am playing in.” Alex! You big tease! Share on WhatsApp Share on Twitter Read more Share on Pinterest Share on Messenger Reuse this content