Homes changing hands increase

In this quick article we look at the number of property transactions during 2020

An estimated 1,041,610 residential sales completed in 2020. In spring the housing market paused for several weeks and despite this, sales were only down -11% on 2019.
129,400 homes changed hands in December 2020, 32% higher than December 2019 and a monthly increase of 13%.
According to Rightmove, there were 10% more sales agreed in 2020 than in 2019. Zoopla reported a 9% annual increase in sales agreed.
Transactions will continue to remain higher than normal as sales agreed in 2020 continue to exchange over the next couple of months. Source: Dataloft, HMRC, seasonally adjusted transaction figures.

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