Accordingly to the latest statistics reported by HMRC, the provisional seasonally adjusted estimate of residential property transactions in January 2020 is 5.2% higher than January 2019, and 4.1% higher than December 2019.

Savills PLC year end trading update stated:

“In the UK, the effect of Brexit and political uncertainty suppressed market activity in both Commercial and Residential transactional markets until mid-December. The clear outcome of the General Election prompted a strong close to the year as confidence to transact returned to the market.”

“Despite the backdrop of uncertainty, the UK performed well across all business lines. Our residential business continued to outperform the overall market conditions, in particular taking share in the core London market.”

“Looking to the year ahead, increased political stability in the UK should maintain improved sentiment in real estate markets.”

 

Contact our Conveyancing Team to discuss your next purchase or sale  on 01282 422711 or email property@southernslaw.co.uk

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