Sales and property prices on the rise
4th March 2021
An estimated 121,640 transactions completed in January, the highest January total since 2007 and a 24.1% increase on 2020, as the surge in property sales continues.
Excluding 2020, current monthly sales volumes are 21% above the 5-year and 32% above the 10-year average, with predictions that up to 1.3 million sales may complete this year.
Rightmove estimated up to 100,000 buyers could have missed the original 31 March deadline stamp duty holiday deadline,meaning the recent extension will be a relief for many.
ONS, Halifax and Nationwide all report a sharp increase in annual house price growth. Prices were up 6.9% from a year before, compared with 6.4% in January. Last month the average property value hit a record high of £231,068, according to the Nationwide.
All good news for a buoyant property market and stability of the economy.
Source: Dataloft, HMRC, ONS, Nationwide, Halifax
Families rent smaller homes
4th December 2023
Rising rents and the cost of living are impacting the choices that renters make when selecting their homes. An increased…
How long do we stay in our homes?
27th November 2023
People move more often than they expect to, one of the findings revealed in the recently-released Property Academy Home Moving…
Can rents go up indefinitely?
23rd November 2023
Affordability limits have hit critical points in various UK regions, signaling a diverse landscape in the rental market. While Scotland…
