Comment from Nick Hale, Chief Executive Officer at Movera, a group of home moving businesses including ONP Solicitors on today's UK Property Transactions - 'will transactions steady next month and continue an upward trend?'..

31 May 2024

Please see below a comment from Nick Hale, Chief Executive Officer at Movera, a group of home moving businesses including ONP Solicitors.

Nick Hale, Chief Executive Officer at Movera, a group of home moving businesses including ONP Solicitors, commented:

“Today’s Government non-seasonally adjusted figures for UK property transactions for April show a dip from last month but, more encouragingly, a healthy increase on last April. Hopefully, the monthly figure is no more than a blip. But will transactions steady next month and continue an upward trend? With inflation falling, what is on everyone’s lips is whether an interest rate cut is in the offing - this would certainly boost transactions further down the line. But the recent surprise General Election announcement has thrown everything up in the air. Whatever happens, our focus as always will continue to be on supporting those looking to move or remortgage to make the homebuying experience as easy as possible.”