Data shows that residential transactions in December 2020 are at their highest level for the month of December in 10 years, although year to date figures are at a 9 year low.
These figures represent a recovery rather than a boom.
Anna’s comments on the increase in residential property transactions reported by HM Revenue & Customs were featured this week in the Daily Mail, Metro.co.uk, Property Reporter & Mortgage Finance Gazette.
The increase in residential property transactions – 34.2% higher than December 2019 and 14.0% higher than November 2020 – is seen as good news for the property market.
It reflects positive forces that are applying uniquely to the housing market at this time.