Property Sales market busiest since 2007
In this speed read we take a look at the numbers behind the busiest property sales market since 2007
- Over 950,000 sales are estimated to have taken place across the UK in the first 7 months of 2021, making it the UK's busiest housing market since 2007.
- Sales volumes in 2021 are over 30% higher than in any year since 2007, with the exception of 2016. 1st April 2016 saw the introduction of the 3% surcharge on second homes.
- At 73,740 the number of sales agreed in July was the lowest monthly total in a year. Sales fell 63% on June due to the signfiicant forestalling of activity prior to the SDLT deadline.
- Zoopla estimate the number of sales agreed in August is up 21% on 2018/2019 with predictions that sales volumes will top 1.5 million by the end of the year.
- Source: Dataloft, HMRC