Transactions
There were 108,250 transactions in February, a 28% rise compared to a year earlier (HMRC).
A net balance of -26% of respondents in the latest RICS survey anticipate that sales activity will see positive growth over the coming three months down from -16% previously.
The number of sales being agreed is up by 9% compared to last year (Rightmove).
Demand
There were 65,481 mortgage approvals in February which is 8% higher than a year ago (Bank of England).
Home buyer demand is up 10% on this time last year, however in London demand is -3% lower (Zoopla).
The RICS suggest that demand growth is starting to lose impetus with the weakest result in March for the survey’s gauge of buyer demand since September 2023.
Property market report
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