House prices are on the up which is great news for everyone and despite the downturn, the UK housing market has lifted according to figures from HM Revenue & Customs (HMRC).
The stats released last week show that sales of properties above £40,000 rose from 80,000 in August to 82,000 in September. Those wondering “can i sell my house fast yet?” are still going to be disappointed but sales across July, August and September showed an 11% improvement on the previous quarter.
Overall, the total transactions for the year to date is 21% lower than the same period last year. And despite the rise in summer lending, gross mortgage lending for September fell 27% against a year ago.