There were 102,810 residential property transactions recorded in January 2020 – 5.2% higher than January 2019 and 4.1% higher than December 2019, according to the latest HMRC statistics.
The figures show that non-seasonally adjusted residential transactions were approximately 12.7% higher than in January 2019.
Gareth Lewis, commercial director of property lender MT Finance, said: “January tends to be one of the quieter months for the housing market as people get back off their winter breaks and take a while to get going, so this jump in transactions bodes well for the spring market.”
Purplebricks Group plc (LON:PURP) engages in estate agency business in the United Kingdom, it provides services relating to the sale & lettings of properties.