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30 April 2024

Please see below a comment from Katie Pender on today’s UK Property Transactions figures.

Katie Pender, managing director of Target, said: “Today’s non-seasonally adjusted figures are very encouraging and demonstrate that the market continues in good health, month on month. But at the same time we mustn’t forget that first-time buyers are facing the toughest conditions seen in 70 years, as last week’s Building Societies Association report on first time buyers showed.

Affordability and supply are significant issues, and many people are also bogged down in the homebuying process.

The latest technology is essential to speeding up that process and what we can do is to continue to support lenders and borrowers with technology adoption.”

Please see a link to the transactions report here:
https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above#full-publication-update-history