Express: Property transactions hit lowest level for January in 11 years in blow to market:

Property transactions have increased month on month but are still at the lowest level in 11 years, new data shows. The Office for National Statistics' most recent report found that while seasonally adjusted residential transactions showed the first month-on-month increase since August 2023, it still reflects its lowest level since January 2013.

Speaking to the Newspage news agency, Harps Garcha, Director at Brooklyns Financial commented: "These figures don't paint a pretty picture, however, the are historical.

"With the demand seen on the ground due to increased confidence in the mortgage market, we should see better data in the near future. To keep the momentum going, the rate increases we've had of late must end soon, in addition to some assistance for the property market in next week's Budget."

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