• GL
Choose your location?
  • Global Global
  • Australia
  • France
  • Germany
  • Ireland
  • Italy
  • Poland
  • Qatar
  • Spain
  • UAE
  • UK

DWF comments on the latest HMRC UK property transaction statistics

22 January 2021

Real estate partner, Lee Pickett, comments on the figures for December which show the market remains active with continued growth.  

The provisional number of seasonally adjusted UK residential transactions over £40,000 in December 2020 was 129,400. This is 31.5% higher than December 2019 and 13.1% higher than November 2020, according to the latest UK property transaction statistics released by HMRC. 

Lee Pickett, a real estate partner at global legal business, DWF, comments on the latest estimate figures. He said: "The HMRC data – albeit provisional - is an indicator of the strength of the housing market and the latest figures for December show the market remains active with continued growth.  

"People are spending more time than ever in their homes and it's clear from the growth in transactions that many are assessing if their current property offers them all they need for home working and outdoor space. The current lockdown restrictions many of us are facing do not preclude valuations and viewings from going ahead; this has given the housing market a sustained boost which, spurred on by the current stamp duty tax break on homes under £500,000, is encouraging buyers to get their property on the market. 

"But, as yesterday's ONS house price index showed, the average UK home is now priced at a record £250,000, not great news for many first time buyers struggling with affordability. When the current stamp duty holiday ends in March, we are likely to see a drop in prices and potentially a lowering in the volume of transactions as a result, which may be welcome respite for first time buyers."

Further Reading

We use cookies to give you the best user experience on our website. Please let us know if you accept our use of cookies.

Manage cookies

Your Privacy

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. We mainly use this information to ensure the site works as you expect it to, and to learn how we can improve the experience in the future. The information does not usually directly identify you, but it can give you a more personalised web experience.
Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change permissions. However, blocking some types of cookies may prevent certain site functionality from working as expected

Functional cookies


These cookies let you use the website and are required for the website to function as expected.

These cookies are required

Tracking cookies

Anonymous cookies that help us understand the performance of our website and how we can improve the website experience for our users. Some of these may be set by third parties we trust, such as Google Analytics.

They may also be used to personalise your experience on our website by remembering your preferences and settings.

Marketing cookies

These cookies are used to improve and personalise your experience with our brands. We may use these cookies to show adverts for our products, or measure the performance of our adverts.