Housing market buoyed by ‘spring bounce’

The housing market remains on course to record strong growth this spring, according to Jackson-Stops.

The latest insight from the estate agency has focussed on the Spring bounce to reveal the extent in which the property market blooms at this time of the year.

Analysis of Land Registry transactions data reveals the largest uplift in transactions take place in March when comparing transactions from across the entire year.

Housing transactions averaged a 28% bounce in March over the last 10 years – excluding pandemic figures – dropping slightly to 22% over a three- and five-year average. The second largest spike in transactions in the year takes place in May, with this month recording a 10-year average uplift in completions of 15%.

Nick Leeming, chairman of Jackson-Stops, commented: “There is always a flurry of activity in the spring, with transactions, buyers and sellers all contributing to the buzz in the property market at this time of the year. Our latest findings show that activity bounces at all stages of the home buying process in spring, not only do transactions bounce by 28% we also see a surge in new stock coming to the market which is met with strong buyer demand.

Read the full article on Property Industry Eye | MARCH 21, 2022 | MARC DA SILVA