Year ended on a sales surge

Yorkshire Post - Property - - PROPERTY -

STRONG house sales through 2013 con­tin­ued into its clos­ing months, re­sult­ing in a 19 per cent year-on-year in­crease in the fourth quar­ter, ac­cord­ing to the Coun­cil of Mort­gage Lenders.

First-time buyer num­bers were up 30 per cent. CML di­rec­tor gen­eral Paul Smee says: “In 2013, there was a resur­gence in the mort­gage mar­ket with year-on-year growth for all types of bor­rower. First-time buy­ers were an es­pe­cially im­por­tant fac­tor in driv­ing the mar­ket. The con­sis­tent up­ward lend­ing trend seen through­out 2013 would sug­gest rel­a­tive op­ti­mism go­ing for­ward. But there are chal­lenges ahead, not least in im­ple­ment­ing the Mort­gage Mar­ket Re­view reg­u­la­tion in April.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.