Enable Independent, IFA’s in Bishop’s Stortford were pleased to see that house sales rose by 5% last year, according to HM Revenue and Customs.
Completed house sales went up from 888,000 in 2011 to 932,000 in 2012, the highest we have seen in the UK since the recession begun in 2007.
Indications from different sources indicate that the housing market will continue to grow throughout 2013, in terms of sales not prices.
HMRC are not the only body that feels as though the market is showing green shoots:
In January the Bank of England revealed that their survey found that lending had risen in the last three months of 2012, and they felt that they would rise significantly in the first quarter of this year.
The Bank have also revealed that the number of mortgages approved for buyers, but not lent rose to 54,036, which is the highest figure since 2009.
The Council of Mortgage Lenders (CML) reported that loans to first-time buyers rose by 8% in November, also the highest for nearly three years.
RICS, who keep monthly produce monthly surveys, have said that estate agents are feeling very positive about 2013.
Simon Rubinsohn, Chief Economist at RICS stated: "What we have had is a decent recovery in the second half of the year, helped by a little more confidence due to the FLS, which has helped give a bit more accessibility to mortgage funds," he said.
"We think there will be a further increase in activity, with the FLS providing further support along with the government's NewBuy scheme."
If you are looking at buying a home in 2013, and need to apply for finance, Enable Independent can choose from any mortgage across the market place and we make sure all of our charges are transparent. We have years of experience of obtaining mortgages for all different types of customers from first time buyers to people wanting to re-mortgage. Why not give our friendly team of mortgage advisors a call on : 01279 755950.
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