A recent study by DataLoft has revealed that the surge in property sales is showing no sign of slowing down.
In fact, an estimated 121,640 transactions completed in January alone, the highest January total since 2007 and a 24.1% increase on 2020.
According to DataLoft, Leeds has seen it’s fair share of transactions too with 8088 sales over the last 12 months. What was the total value of those sales? £1,554,820,852! In addition to this, the highest value recorded by the Land Registry over the past 12 months was £1,180,000 for a flat and £1,650,000 for a house.
The news gets even better for the UK as, 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.
With many fearing a cliff edge, the Chancellor looks set to announce in the today’s budget an extension to the Stamp Duty Holiday to the end of June.
Rightmove estimates up to 100,000 buyers could miss the current 31 March deadline, but this does not seem to be putting buyers off for the research also suggests 7 in 8 buyers would still continue with their purchase.
If you are looking for an investment property and would like to pick our brains, or you have a property to rent and would like great tenants and a good rent, then please get in contact by either phoning Joy Gray on 0113 2305552, or by dropping us a message on our website.
Source: Dataloft, HMRC
