There is little sign of a seasonal slowdown in the housing market, Sequence has reported this morning.
Sequence, part of Connells, says sales in London were up 56% in November compared with a year ago, and 2% up on October. In the UK generally, transactions were up 32% annually and 1% on the month.
Sequence’s average selling price in November was £209,923 – up 9% on November 2012 – and in London £425,486 – up 15%.
According to Sequence, there are seven new applicants for every new instruction, and in London 14.
Sequence chief executive David Plumtree said: “The current property market appears to show no signs of slowing as we approach Christmas, with activity levels and house prices remaining buoyant.
“The primary reason for the heightened activity levels is an increasing demand for home ownership across the demographic spectrum.
“There has been a constant flow of new buyers for the last four months, increasing 1% in November and up 36% annually.”
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