Seasonal factors are behind the recent increase in property sales in the UK, an expert has stated.

Hometrack recently reported that in October 2008, there was a 5.4 per cent increase in sales when compared with the previous month.

Selwyn Lim, director of Mouseprice, believes this is partly because of the time of the year, as sales typically pick up during the autumn months.

He added that the resolution of the stamp duty holiday rumours has also helped, as many buyers were holding off until speculation came to an end.

Mr Lim commented: "A few buyers were waiting until the government came out with the news and when they did, we saw sales go through which were effectively on hold until that date."

However, he said it is difficult to predict what will happen in the long term as there is still a lot of uncertainty regarding the housing market.


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