Comment on today's Property Transaction Figures from Karl Wilkinson at Access Financial Services

21 September 2022

Karl Wilkinson, CEO of Access FS, said today “Despite much talk of impending recessions, and regardless of political and economic uncertainty, UK residential housing transactions (non-seasonally adjusted) continued to rise by year-on-year and up on July. Even non-residential transactions rose by another 5.3% year-on-year. Our housing market is nothing if not resilient. While the summer months always tend to be buoyant, people’s appetite to buy property shows no sign of dipping. Ultimately there are still more people wanting to buy property than there are properties to buy, so by the laws of supply and demand, this situation will continue until the supply side eases.

“The new government has so much on its plate at the moment that I expect the housing market is not a huge priority despite rising rents and continuing challenges for first time buyers.”