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Home Housing Market Rise in property sales indicates potential improvement

Rise in property sales indicates potential improvement

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Figures released by HM Revenue and Customs show the number of properties changing hands increased by 7% between April and  May this year.

They also indicated that activity was at its highest level since October 2008.

Lee Bramzell, Chief Executive of portal PropertyIndex.com, said these were encouraging indications.

"The jump in property transactions shown by HMRC figures is another tick in the box that points to improving market conditions," he said.

"This latest news should send a clear message to homeowners - serious buyer interest is high and those who put their properties onto the market now are likely to see a quick sale at a good price.

"The shortage of available stock is almost up there with restricted lending as a major factor working to hold back recovery and we are relying on potential vendors to help get the market moving."

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