Our Chief Commercial Officer, Paul Stockwell, comments on HMRC property transactions data for August 2020

“The strong bounce back in the property market has resulted in sales edging even closer to pre-pandemic levels, however seasonally adjusted transactions in August still lag 17% behind February.

“August’s figures mark the third full month of transactions since the housing market reopened, and the third successive increase in sales.

“As we head into the autumn, transactions data will finally catch up with the buyers whose purchase was directly tied to the stamp duty incentive, and their activity is likely to bring sales in line with 2019’s levels before the year is out.

“The strength of the market in recent months indicates that even with darker economic clouds looming, buyers currently still have faith in the resilience of the UK housing market.”