Access FS comment on today's property transaction figures: "Buyers should act now"

10 January 2025

Karl Wilkinson, CEO of Access Financial Services, said: “The latest government data on UK property transactions shows residential transactions in November return to previous levels, following a slight spike in October. This reflects ongoing challenges in the housing market with factors such as interest rates, affordability constraints, and buyer uncertainty around the economy clearly influencing activity levels.

“As we approach the anticipated stamp duty changes on 31 March we do, however, expect an uptick in activity. This will particularly be among first-time buyers - as buyers and sellers aim to complete transactions before the deadline. With constantly changing interest rates, it will be imperative for buyers to secure professional mortgage advice to navigate the complexities of the market and get access to whole-of-market advice. Anybody thinking of buying should act now.”