People hoping to sell UK property are set to have a productive bank holiday weekend, an estate agent has predicted.
According to property company haart, sales transactions have increased by 20 per cent so far in August compared to last month.
The market for UK property is currently buoyant, owing to a number of factors. Confidence is reportedly strong, based on continued household growth.
A shortage of housing stock, particularly for family homes, has also contributed to high levels of demand for the properties that are on the market as parents strive to secure a home in a good catchment area before school deadlines arrive.
Paul Smith, chief executive of haart, said: “August is commonly very quiet but we have seen this trend reversed this year.
“June and July were quieter, with the summer heat wave and the World Cup distracting buyers and sellers from entering the housing market.”
As well as healthy activity for the coming weekend, the estate agent has also forecast a strong autumn based on transaction levels that are 35 per cent higher than 2005.
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