No let up in sales activity

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No let up in sales activity

We take a quick look at the start of the property market in 2022 which shows no sign of slowing up as figures suggest

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)

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