Bumper house buying bank holiday beckons

Bumper house buying bank holiday beckons

Friday, August 25, 2006

August bank holiday is set to be a bumper weekend for property sellers and buyers, with the number of sales transactions jumping up 20% in August since last month, reveals haart estate agents.

The housing market is buoyant at the moment, as confidence remains strong, under the backdrop of continued household growth. The shortage of housing stock, particularly family homes, is also contributing to the surge of activity, as parents rushing to secure homes in good catchment areas in time for school application deadlines can not afford to sit back and wait until summer is over.

Paul Smith, chief executive of haart comments: "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."

"However, the seasonal summer lull came to an abrupt end in August. With properties selling in good numbers already this month, we are expecting an incredibly busy weekend this bank holiday, with total sales transactions reaching a record high for August. Transaction levels are already up 35% on this time last year and we see this boost in activity as the start of what we predict will be a very busy autumn."

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