UK Property Sales Hit 7 Year High

Property Sales within the United Kingdom hit a seven year high in 2014 when they rose by 14% last year to 1.22 million.

According to figures produced by HM Revenue and Customs (HMRC), every region across the United Kingdom saw growth although in the last few months of the year, sales eased off as did price increases although this did little to prevent the high rate of growth annually. Mortgage lenders predict that sales may well drop off slightly this year but still maintain a healthy rate at 1.18 million.

In the aftermath of the global economic crisis, British house sales slumped massively seeing sales of just 858,000 in 2009 as mortgage lenders turned off the ‘mortgage tap’ and were reluctant to lend to anyone with the banks in crisis.

This seems to be firmly behind the country now as employment continues to grow and more and more people have greater faith in the economic recovery. Boosted by government initiatives like Funding for Lending and Help to Buy, lending and house purchases have risen steadily and the HMRC commented on this trend when they said:

“Since December 2008, there has been a slow but steady upward trend in the seasonally adjusted count. This trend grew at a faster rate between April 2013 and February 2014; however since then the rate has declined slightly.”

A recent slowdown in sales appears to have also been affecting mortgage approvals as the Royal Institution of Chartered Surveyors (Rics) said earlier this month that the number of new properties being listed for sale by its members had fallen for 10 of the last 12 months. This has impacted the number of potential buyers entering the market as this has slowly dropped for the past six months in a row.

With increasing employment and wage increases on the horizon, along with the fall in price increases as well, this is not expected to last long as there is perceived to be a pent up desire from the recession years which is predicted to shine through as the economy gains more and more strength.

A rise in house sales themselves would be good news for the economy of the United Kingdom as the property market also starts to regain its stride after a rocky few years but government backing and support has seen both construction and retail picking up pace.

For more information about incorporating in the UK visit http://openaeuropeancompany.com/country-pages/united-kingdom.html or for immigration go to https://www.immigrationintoeurope.com/ or email us at [email protected]

94 Comments

  1. Roshe Trainers Nike July 15, 2015
  2. Seo Aylesbury Experts July 23, 2015
  3. matcha powder August 18, 2015
  4. Marquis August 19, 2015
  5. Carol August 20, 2015
  6. hallienath.buzznet.com August 20, 2015
  7. Barney August 20, 2015
  8. Delmar August 20, 2015
  9. Joseph August 20, 2015
  10. Erasmo August 20, 2015
  11. Clair August 20, 2015
  12. Eugene August 20, 2015
  13. Vaughn August 20, 2015
  14. Rodney August 20, 2015
  15. Vaughn August 20, 2015
  16. Prince August 20, 2015
  17. Jaden August 20, 2015
  18. Gobiz August 20, 2015
  19. Rosario August 20, 2015
  20. Kristofer August 20, 2015
  21. Ava August 20, 2015
  22. Herbert August 20, 2015
  23. DE August 20, 2015
  24. Amado August 20, 2015
  25. App Creator August 20, 2015
  26. no show socks August 20, 2015
  27. payday loans August 20, 2015
  28. Elijah August 21, 2015
  29. restaurants near me August 21, 2015
  30. Katelyn August 21, 2015
  31. telecharger virtual dj August 21, 2015
  32. m88 August 22, 2015
  33. swim spa covers August 22, 2015
  34. Rodrick August 22, 2015
  35. Charles August 22, 2015
  36. craigslist search August 23, 2015
  37. belfast web design August 23, 2015
  38. Shayne August 23, 2015
  39. accessories for ipad August 23, 2015
  40. plumber Aberdeen August 24, 2015
  41. Cara August 24, 2015
  42. Roger August 24, 2015
  43. Debbra August 24, 2015
  44. gmail.com login August 24, 2015
  45. Celina August 24, 2015
  46. Logan August 24, 2015
  47. Filiberto August 24, 2015
  48. Caitlyn August 25, 2015
  49. www.Beirut-Restaurant.gr August 25, 2015
  50. free porn August 25, 2015
  51. Elane August 25, 2015
  52. Vallie August 25, 2015
  53. Bernice August 25, 2015
  54. proszkowo.Com August 25, 2015
  55. Arianne August 25, 2015
  56. Dominique August 25, 2015
  57. Ada August 25, 2015
  58. Bryce August 25, 2015
  59. jewellery maker london August 25, 2015
  60. Alice August 25, 2015
  61. Minerva August 25, 2015
  62. Sven August 25, 2015
  63. Fatima August 25, 2015
  64. Joma Jewellery Sale August 25, 2015
  65. Rene August 25, 2015
  66. Joma Jewellery Stockist August 25, 2015
  67. Novella August 25, 2015
  68. Joey August 25, 2015
  69. Joma Jewellery Stockist August 25, 2015
  70. jewellery makers marks August 25, 2015
  71. Joma Jewellery August 25, 2015
  72. Otis August 25, 2015
  73. Joma Jewellery August 25, 2015
  74. Christena August 25, 2015
  75. Dpz.Velike-Lasce.Si August 25, 2015
  76. Dallas August 26, 2015
  77. Ultralight.Gr August 26, 2015
  78. pdfasto.Com August 26, 2015
  79. Newlife.Ck.ua August 26, 2015
  80. nike air force alte bianche August 26, 2015
  81. http://xodsbx.com August 26, 2015
  82. www.rebelmouse.com August 26, 2015