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Highest property demand in over a decade, says Fine & Country

Nearly 162,000 sales were agreed during March, a 77% year-on-year increase on 2020, according to Twenty CI data. The sales agreed figure is the highest that the property data and statistics provider has recorded since their datasets began in back in 2009.

Fine & Country managing director Nicky Stevenson said: “It is clear from the data that demand within the property market continues to rise with its only possible tether being the number of properties coming onto the market. As expected, the spring market is living up to the hype, with the extension of the Stamp Duty holiday continuing to have a positive impact on the market, along with that fact that consumer confidence is at a record high and people are eager to move during the warmer months.”

Stevenson added that according to the report from Twenty CI, since the Stamp Duty holiday was introduced in July last year, only two months are missing from the top ten all-time list in terms of sales agreed, which were December and January. “Although December and January are traditionally slower months within the property market with people taking seasonal holidays and getting into the swing of a new year, December 2020 and January this year had the highest volumes of sales agreed when compared to any previous December or January on record.”

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