Covid19 Transactions

Posted on: 2 July 2020

COVID19 Transactions

HMRC estimated 46,230 sales in May, 25% higher than April. With plenty of pre-lockdown sales still to complete and Dataloft Demand Index reporting a huge surge of consumer interest in the housing market, the total could rise by 60% in June. 9,250 sales exchanged per week in April when the UK was in lockdown. Assuming the same rate in the first three weeks of May (professionals not fully active in 3rd week), 18,480 sales would have exchanged in 4th week of May. We estimate 74,000 sales will exchange in June, the same weekly level as 4th week of May. In July we expect a greater increase, as the market picks up in Scotland and Wales, following opening end of June. Growth of unemployment, availability of higher Loan to Value products and government support, will play a huge role in the medium-term transaction volumes and prices achieved. Source:

Share:


Recent Articles

3 August 2021

Carrying Out Evictions

Carrying Out Evictions This three-minute read explores the reasons why evictions happen and how they are carried out. Getting to the stage where you have to evict your tenants is difficult for everyone involved and should always be considered as a last resort. It might be deemed necessary when:...

3 August 2021

Going For Gold

Team GB are bringing home the medals at Tokyo 2020, but property not gold has proved the best investment proposition in recent years. The average price of residential property has increased by 46% over the last 10 years, over double that of gold. Over the same period the FTSE 100 has risen just...

3 August 2021

Mortgage Approvals 21% Higher Than 2014 To June 2019

81,338 mortgages were approved in June 2021, 21% above the 2014 to 2019 June average. Despite house prices increasing to an all-time high, mortgage payments haven't followed suit. Mortgage rates are close to an all-time low, so affordability has remained in line with the long-term average....

semi circle instant online valuation

Get an instant online valuation

Find out how much your property is worth