"We have had a wave of exchanges and completions, probably prompted by a desire to exchange before the budget," said Simon Milledge of Jackson-Stops in Blandford Forum, Dorset. This statement reflects the urgency among buyers to finalize transactions ahead of potential changes from the Autumn Budget and showcases the resilience and responsiveness of the housing market to economic factors.
John King from Andrew Scott Robertson in Merton attributed October's surge in activity to a combination of media coverage on potential tax rises and easing mortgage rates, underscoring how external information vibes significantly influence market dynamics and buyer behavior in real estate.
Ian Perry of Perry Bishop noted: "[There was] a slight hiatus ahead of the budget but the market [is] now perking up again." This comment highlights the overall market's comeback and the confidence among estate agents post-budget, indicating a recovery trajectory.
Tarrant Parsons, head of market analysis at the Rics, emphasized that "the recent improvement in buyer demand is translating into growth in the number of sales being agreed." His insight points to a hopeful outlook driven by rising buyer interest and activity in the housing sector.
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