Gonzalo FacelloNathan Emerson, Propertymark CEO, comments on the Private rent and house prices index for December 2024 from the UK Office for National Statistics.
Sirs,
Looking at the entire year in view and against a backdrop of challenging economic conditions and political change, it is hugely encouraging to witness such a strong year of overall growth within the housing market.
As we head across the winter months, we are expecting to see house transactions pick up beyond what is normally expected across England and Northern Ireland for this time of the year, as people look to complete on a sale before new Stamp Duty thresholds take effect next April.
As the new year quickly approaches Propertymark looks forward to seeing how the UK Government will deliver on its ambitious aim of constructing 1.5 million new homes by 2029. It’s vital we see the right homes delivered in the right areas to keep pace with a population that is expected to hit near 70m by 2030.
Nathan Emerson
Chief Executive Officer
Propertymark
Author
