22 Oct

Home sales increase as affordability improves

Home sales increase as affordability improves

A better level of affordability in the housing market has led to far-more houses being sold in the UK through estate agents, with England alone seeing a two per cent increase in these over the course of the last year.

According to Lloyds TSB, 65 per cent of the 500 largest towns in the UK have seen an increase in the number of homes sold in the past 12 months.

This means that there has been a 115 per cent increase when compared to the same time last year. This has been helped by falling house prices, facilitated by the fact that there has been rising demand for the rental market rather than that for residential purchases in general.

"Many of the top performing towns are in areas where improved levels of affordability over recent years have helped support demand for those able to enter the housing market," said Suren Thiru, housing economist with Lloyds TSB.ADNFCR-1222-ID-801473893-ADNFCR

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