More Property Transactions for Next Year Than Previously Expected - Nova
downArrow

The latest research and data from Zoopla has projected that over 100,000 additional sales are likely to take place in Q1 2021 from the mega transaction volumes caused by the rush to beat the stamp duty holiday window.

Demand remains 34% higher than this time last year. The market experienced a sharp dip after the announcement of the first national restrictions in England (when viewings could not take place) but it rebounded after a month.

Demand levels are set to stay strong for the remainder of this year, and the monthly sales completion estimate suggests the strongest November and December – and the run-up to Christmas – for over a decade. A further demand spike can be anticipated for next year especially the first quarter.  One reason for this can be investors who left it late to enter the market in an attempt to beat the stamp duty deadline.

The boost to demand and sales volumes has led to an increase in property prices approaching an almost three-year high of 3.6%, up from 1.3% a year ago, with 2020 expected to end with house price inflation reaching 4.2%. The scale of growth is explained in part by a massive surge by owner-occupiers. They account for over 70% of the transactions, therefore they have had a much bigger part in rising property prices/demand this year.

Nova News

Why is Leverage Important?
Why is Leverage Important?
by Adam Pearce
read more
More Property Transactions for Next Year Than Previously Expected
More Property Transactions for Next Year Than Previously Expected
by Saeid Ansari
read more
Why Does Property Go Up in Value?
Why Does Property Go Up in Value?
by Adam Pearce
read more
Manchester Tops 2020 Best Buy-To-Let City List
Manchester Tops 2020 Best Buy-To-Let City List
by Chris Downe
read more
Opportunities for Landlords Rising
Opportunities for Landlords Rising
by Saeid Ansari
read more
Want to be the first to know what’s going on in the world of property investment? Subscribe to our newsletter below.
The property pension plan book icon

Take Control Of Your Future With Buy To Let Investment, get The Property Pension Plan for Free!

Find Out More
Get in Touch

Book a complimentary property and/or finance consultation

back-to-top