Fewer loans taken out for property transactions

Figures detailing property transactions in January show that the number of transactions fell by 18 per cent from December.However, in contrast to a year earlier, January’s transactions were down 29 per cent.These figures come from the Inland Revenue, following a report by the Royal Institution of Chartered Surveyors (RICS).”A break in interest rates since the last rise in August 2004 has provided a platform of stability which has given greater confidence to prospective buyers,” explained RICS’