Our Chief Commercial Officer, Paul Stockwell comments on HMRC property transactions data for January 2022
Paul Stockwell, Chief Commercial Officer at Gatehouse Bank, comments:
“Property transactions have settled back to their pre-pandemic levels, and the short supply of homes for sale is likely to hold back any significant growth in sales volumes in the first months of this year.
“Despite the supply problems, there’s still plenty of buyer demand, with would-be buyers queueing up to view properties. Hopefully sellers will start to enter the market in greater numbers in the spring, for what is traditionally a busy period for housing.
“We are still seeing high demand from buyers, despite the wider economic uncertainty from inflation, which points to the strength and resilience of the property market. That said it’s unlikely we’ll see transaction levels in 2022 reach the highs achieved last year.”