Rise in property sales indicates potential improvement

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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