Following the announcement of a stamp duty holiday, August’s figures outstripped July’s as a result of pent-up demand after the housing market reopened.
Residential transactions however are lower than last year.
Furthermore, transactions are still below the average that was completed at the start of 2020.
Jamie Johnson, chief executive of FJP Investment, said the transaction data was welcoming news and showed the success of the stamp duty holiday but noted there may be trouble ahead.
He added: “The findings come at an interesting time. Confidence may be running high, but with the recent spike in Covid cases, the question now is whether the re-introduction of lockdown measures will dampen buyer appetite.
You can read the full article here: www.mortgagesolutions.co.uk/news/2020/09/22/stamp-duty-break-boosts-august-house-sales-by-16-per-cent/
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