Transactions comment: Spring surge shows underlying strength of the housing market

Following the latest property transaction figures from HMRC that found moves jumped almost 20% in March, John Phillips, national operations director, Just Mortgages said: “Spring has brought a surge of transactions as the property market continues its positive momentum.

“The year to date has seen the most transactions since the credit crunch and the recent figures demonstrate the underlying strength of the housing sector.

“Looking ahead the cost of living crisis will certainly impact some buyers and may cause others to put plans on pause.

“This said, there is still an imbalance of buyers versus sellers, with more purchasers still tipping the scales and this competition for properties is driving house price growth.

“With an estimated £95 billion of mortgages up for remortgage in 2022, alongside the purchases, brokers will also be busy supporting clients to remortgage.”