Some positive news that reflects the increase in activity we have seen over the past year and the returning confidence from buyers acclimatising to higher interest rates:
House sales in September were 9% up on the previous year at 91,820 based on seasonally adjusted figures, according to property transaction data from HMRC.
A marginal 1% month-on-month increase was recorded, marking the first time transactions have increased on a monthly basis since May.
Non-seasonally adjusted transactions fell 9% from August, which is in line with seasonal expectations.