The company found that this is feeding into higher transaction activity.
Nicholas Leeming, director of propertyfinder.com, commented: “Turnover in the housing market is crucial for the economy – much more so than house prices. When homes change hands people use all sorts of services such as removals firms, surveyors and so on, and will spend money on renovations and new consumer goods for their new homes.
“House prices may yet drift lower, but buyers can take advantage now. Reasonably priced property is being snapped up. There are reports of gazumping and sealed bids coming back to the market – despite it being so slow in many areas. But many sellers are still refusing to lower price expectations and buyers are simply not prepared to offer full whack – they are only interested in bargains. We are a long way from being back to normal, let alone the boom times, but the market is getting slowly back on its feet.”
