The number of UK households is expected to top one million for the first time since 2007, with first-time buyers and buy-to-let investors leading the charge, the CML said.
The sharp rise in property transactions is good news for Chancellor George Osborne, pushing stamp duty revenues up nearly 50% in the past months to £1.2 billion.
This has handed the Treasury an extra £400 million, helping it cut overall net sector public borrowing by £200 million in October, according to figures from the Office for National Statistics.
The CML said number of property transactions is still far below the average 1.5 million transactions a year seen in the three decades before the financial crisis.
First-time buyer numbers are on target to hit 270,000 in 2013, a rise of 40% since 2009.
And around 180,000 buy-to-let investors will also buy a property this year, up 80% on 2009.
But the number of movers has increased just 3% in that time. Second-steppers are finding it difficult to climb the property ladder, possibly because many bought at the height of the boom and have since slipped into negative equity, the CML said.
More than one in three property transactions are paid for in cash, with the CML predicting that cash transactions will hit 370,000 this year, a 25% increase on four years ago.
There were 94,950 residential transactions in October, and 8,650 non-residential transactions, a rise of 24.4% on the same month last year.
The CML welcomed the rising number of transactions, but said the recovery is from a low base. "We expect improving conditions to lead to further growth in transaction numbers in 2014," it said.
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