Property transactions climb above 96k

Property transactions reached 96,250 in February, with higher value buying at pre-pandemic levels. Transactions were up 15% last month, compared to 83,450 in January, according to HMRC’s latest data. Total sales for the first two months of the year stand at 179,900, some 18% lower than last year. However, this is still the next highest level since 2007. According to data from TwentyCi, sales for properties worth £300,000-£500,000 were 47% higher than pre-pandemic levels. For properties between £500,000 and £1m, there were 73% more sales than before the pandemic.