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Property Sales Set to Increase Further by 2020

The volume of housing sales in the UK is set to rise by over 20% in the next five years, increasing to almost 1.5 million in 2020, according to a new report.

Residential Property Investments UK

The volume of housing sales in the UK is set to rise by over 20% in the next five years, increasing to almost 1.5 million in 2020, according to a new report.

My Home Move, a leading conveyancing service provider, has released new research on the outlook of the UK’s property market, forecasting a rise from 1.23 million housing transactions in 2015 to 1.49 million in 2020.


The figures take into account historical variables that have previously affected the UK’s property market, such as average mortgage rates, unemployment figures and the average first-time buyer percentage deposit.


Key to the forecasted increase in property transactions is the expected impact of more Loan-to-Value (LTV) mortgages being available in the property market.


Mortgage products that offer high LTV are set to increase in order to make homeownership more affordable for first-time buyers. My Home Move forecasts that the average deposit percentage will fall from 17.1% in 2015 to 10.0% by 2020.


The projections follow news that sales to first-time buyers have increased by 20% in April in the wake of the government’s new Stamp Duty levy on property investments and second homes, a move designed to help improve the affordability of UK properties for first-time purchasers.

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