The number of property transactions registered in England and Wales climbed 20% over the last quarter, rising to 290,248 in Q2 2021, up from 241,916 in Q1 2021, according to the latest edition of the Conveyancing Market Tracker from Search Acumen, the property data insight and technology provider.
This is the highest number of quarterly transactions since records began ten years ago in Q2 2011. Conveyancing volumes in Q2 2021 were 252% higher than the year before, when the pandemic first hit the nation and the property market temporarily shut down.
With just 82,385 transactions having completed during Q2 2020, this quarterly total was beaten during every single month of Q2 2021 as the Stamp Duty incentive prompted unprecedented buyer demand.
Andy Sommerville, director at Search Acumen, commented: “This data highlights the huge pressures placed on the property sector over recent months. The record-breaking number of transactions completed, particularly in June, are a testament to the hard work of the entire industry from conveyancers and lawyers to estate agents and surveyors, who have gone above and beyond to help clients beat the Stamp Duty cut off.”