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No let up in sales activity

  • The property market is busy, with the start of 2022 seeing no slowdown in sales activity.
  • Nearly 107,000 sales were recorded in January. Except for 2021, this is the strongest start to a year since 2007 and up 10% on the January average (2012–2021).
  • Demand continues to outpace supply, sustaining pressure on prices. Rightmove report the biggest monthly jump in the asking price of newly- listed property since 1994.
  • In a sign of more balance returning in future months, home valuation requests were up 27% in January year-on-year, and up 50% compared to 2020 (Rightmove). 
  • Source: Dataloft, HMRC (10 year January average 2012–2021)
James Williams 01.03.22

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