January Property Market Update 2021

January Property Market Update 2021

Good afternoon,

I hope you’re still keeping well and safe!
Recently I spoke about the number of fallen through transactions in the run up to the end of the stamp duty holiday. So I thought I would take a look at the numbers of transactions that are currently falling through to see if we are already seeing an increase.

Now what we can see here is that there are more transactions falling through in 2020 recently than in the same time of 2019. Is this strange though given that there’s been around 50% more sales being agreed week on week in 2020 than in 2019 since the markets reopened earlier this year? We’re seeing 40-50% more transactions falling through, so the ratio to sales being agreed seems about right really. But, could this number increase further in the coming months on the lead up to the current Stamp Duty holiday end date? Time will tell.

Take care.

Nightingale Properties