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Purplebricks plc

Property transactions up 5.2% in January

There were 102,810 residential property transactions recorded in January 2020 – 5.2% higher than January 2019 and 4.1% higher than December 2019, according to the latest HMRC statistics.

The figures show that non-seasonally adjusted residential transactions were approximately 12.7% higher than in January 2019.

Gareth Lewis, commercial director of property lender MT Finance, said: “January tends to be one of the quieter months for the housing market as people get back off their winter breaks and take a while to get going, so this jump in transactions bodes well for the spring market.”

Purplebricks Group plc (LON:PURP) engages in estate agency business in the United Kingdom, it provides services relating to the sale & lettings of properties.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.