2021, the year after that year that was very interesting and very different in many many ways!
This past week, I’ve had a number of people message me asking for some of the figures regionalized. So I though, what better time to do it than at the end of the month so we have 2 full months worth of data to track! So here we have it, a January and February comparison over the past 3 years:
What we can see is that the continued growth of sales being agreed in 2021 compared to 2020 is throughout every region. Also, the trend of fewer properties coming on to the market for sale, is seen in all regions also.
However, given the announcement yesterday from Mr Sunak about extending the stamp duty holiday though the summer to the end of September (in different guises), coupled with the fact that we are coming the usual time of year when more property is listed for sale, for households to try and make a move during the summer, will we see more property coming on to the market as a result and catch up with the 2020 and 2019 volumes? We wait to see. But the Stamp Duty extension, as well as the introduction from April of 95% mortgage guarantee for first time buyers are both great news for the property market in the UK.
If you'd like anymore information on the current state of the UK Housing market, would like to find out more about what we do and how MoverAlerts could help your business target home movers in your area, get in touch today!