Sales volumes higher
4th November 2021
![](https://www.coapt.co.uk/wp-content/uploads/gleren-meneghin-VSLPOL9PwB8-unsplash-1-1920x1080.jpg)
The property market continues to ride the wave as we head to the end of 2021. Although softening, demand remains stronger than a year ago. Sales volumes to date in 2021 are 16% above the 5-year average (Zoopla).
September 2021, with an estimated 161,000 sales taking place, was the third busiest month for property sales across the UK since records began in 2005 (HMRC).
Despite rising inflation and likely interest rate rises, the latest forecasts from the Office for Budget Responsibility predict price growth will continue, albeit at a more sustainable level, through to 2026.
Property prices are predicted to rise by 3.2% during 2022, and there is now no sign in the forecasts of prices falling.
Sales volumes may well eclipse 2007 by the year end with sales in the region of 1.3 million in 2022/23, 8% higher than the longer term average (2015/16 to 2019/2020).
Source: Dataloft, OBR, Zoopla, HMRC
Who, How and Why of HMO Investors
12th July 2024
Around half of HMO (house in multiple occupation) landlords surveyed said that they use their property or portfolio as their…
Understanding the Labour Party’s Plans for the Rental Market
12th July 2024
With the Labour Party’s recent take over, we look back at their manifesto to identify the significant changes that are…
Explore Non-Traditional Deposit Options, Company Guarantors & Bills Packages: A Win-Win for Landlords and Tenants
12th July 2024
As the rental market evolves, there has been a notable 25%+ increase in demand for alternative deposit solutions, according to…