Whilst many commentators are talking about a “Boris Bounce” in the property and financial markets, this will take time to feed through to the property market as deals need to be done and transactions complete. Estimates are that there were 65,500 transactions in December, down 13.2% on the (revised) estimate of 75,500 in November.

What a difference a month (day) makes. With months of uncertainty and stonewalling within Parliament over Brexit and policy in general, now seemingly over, there seems to be real optimism in the economy and markets leading into Christmas and the new year.

As the UK heads to the polls for the third time three and a half years and Brexit uncertainty continues, one might be forgiven for thinking that the housing market will have stalled as vendors and purchasers wait for clarity. However, HM Land Registry shows an estimated 77,500 housing transactions in October 2019, up 4.2% on September. Although c.2.0% down on a seasonally adjusted basis, it shows how resilient the housing market is, and the perpetual need for homes.

As the Brexit saga drags on, transactions in the owner-occupier housing market continue to falter with Land Registry estimating that there were c.70,500 transactions in England & Wales in September.

While politicians talk about themselves and occasionally about the need to increase housing supply the fundamental undersupply of good housing remains. Capital values nationally are effectively unchanged with Acadata recording …