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Number of residential property transactions in the UK 2016-2019, by country

Measuring the volume of transactions on the residential real estate market is an easy way to evaluate how the market is doing. There are multiple reasons why people decide to buy a residential property: it can give a sense of security and is a means of wealth preservation and investment.

House sales in England

In 2019, there were anywhere between 65 and 95 thousand house sale transactions monthly in England. As a method of sale, the British public still prefer to use high street agents compared to online only agents.

Average mortgage price of dwellings

The average cost of buying a new dwelling with a mortgage will always end up costing a little more due to the interest rates placed on the repayment of the loan. Even with a relatively low interest rate, the added costs on top of the original asking price can amount to several thousand British pounds.

Total number of residential property transactions in the United Kingdom from March 2016 to January 2020, by country*

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Source

Release date

February 2020

Region

United Kingdom

Survey time period

March 2016 to January 2020

Supplementary notes

* The sources states that the number represent "residential property transaction completions with a value of 40,000 GBP or above".

** The source added the following information "Revisions in June, August and September 2019 are due to underlying data changes for Land and Buildings Transaction Tax (LBTT) in Scotland. "

*** Provisional

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Statistics on "Home purchasing in the United Kingdom (UK)"

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