Just Mortgages comments on latest monthly property transactions data
31 January 2024
Following the release of the latest property transactions statistics, which showed a dip in transactions in December, please find a comment from national brokerage Just Mortgages.
Just Mortgages is one of the largest mortgage brokers in the UK, with more than 650 advisers working across both employed and self-employed divisions. It is part of Spicerhaart, the UK’s largest independent estate agency and property services group.
John Phillips, CEO of Spicerhaart and Just Mortgages, said: “A drop in transactions in December will come as little surprise, as many potential buyers will have put their plans on hold in the run up to Christmas. It’s a similar story for the fourth consecutive month-on-month fall, as market conditions continued to impact the confidence and ability of many to push forward with plans – despite growing positivity.
“While it was far from an ideal end to the year, we have started 2024 on a really strong footing with high levels of buyer registrations and valuations being booked – the highest we’ve seen for a good number of months. New build lead numbers have also seen a strong start to the year too.
“Despite the recent inflation scare, there are many positive indicators for the market and the year ahead, and there’s no question potential buyers are beginning to respond to this and find some confidence. Whether they can find the affordability to match is another matter, and another reason why advice is so essential. There’s no doubt that affordability will continue to be a big factor this year. If brokers have ever needed a reminder to be proactive and remain visible in their local area, this is certainly it.”
