Nick Leeming, Chairman of Jackson-Stops, comments on today’s HMRC property transaction statistics:

“Following a year that defied expectations, month on month comparison data for transactions completed in January 2022 shows a market slightly subdued by the continuing imbalance of stock and high levels of demand. We are however starting to see more listings making their way onto the market however and expect that as the weather warms up and we enter the traditionally busier spring market, we’ll see an uplift in both stock levels and the resulting sales activity from March onwards. Despite higher costs of living, the costs associated with borrowing still remain attractive and homeowners seeking their dream home aren't to be deterred.

“For those serious about moving now, it is also very worthwhile speaking to agents about any off-market properties which may be available as there are increases in homes being marketed in this way occurring too. There remain high levels of intent in today’s market with many buyers swiftly progressing the purchase of their dream home and we expect this to increase substantially over coming weeks.”