House sales at 2.5 year high
The weather may have taken a turn for the worse but the property market revival continues to blossom with news from the Royal Institution of Chartered Surveyors (RICS) that house sales in February hit a two-and-a-half-year high.
This, coupled with house prices rising at their fastest rate in two years, suggests real signs of stability within the market, something which looks set to continue with expectation that the Funding for Lending Scheme (FLS) will be extended.
The FLS, whilst not without its critics, is still recognised as one of the driving forces behind the recent revival in the property market.
Lynne McCaffrey is the Head of Property at Goldsmith Williams:
“It is really encouraging to see sale levels moving in the right direction and news that the government plans to extend its Funding for Lending Scheme gives hope that this mini resurgence won’t do a sudden u-turn. If only the same can be said for the weather!”
Goldsmith Williams conveyancing fees for property sales start from just £399 (plus VAT and disbursements) while the property solicitors combined sale and purchase deal means customers can save up to £198 on their conveyancing.
Content correct at time of publication