We would like to share the Q2 edition of Landmark’s Property Trends Report, which provides a complete summary of the 2021 property transaction pipeline from listings through SSTC, search and finally completion milestones, compared to 2019.
Surges and slowdowns in activity have aligned to major government announcements and deadlines.
Property search orders were up 43% in April 2021, compared to the same month in 2019, as buyers rushed to benefit from the Stamp Duty Land Tax holiday.
Other insights include:
- Listings were down on average by 5% at the half year point
- SSTC activity was 22% higher in April 2021 vs April 2019
- Completions in June were 85% higher compared to the same month in 2019
On this occasion, we are also adding our Completions to Instructions Ratio (CIR) report, which is an indication of overall workload, where we are reporting:
- A ratio of 115%, which demonstrates the extraordinary pressure conveyancing lawyers were under and the incredible way they delivered results for clients.
We hope you find our trend reports useful. Please CLICK HERE to access a copy of the Property Trends report.