There were 103,870 transactions during the month, 4.5 per cent more than January 2020.
Positivity should remain
Mike Scott, chief property analyst at Yopa, said the figures showed that before the current coronavirus crisis, the housing market was on an upward trend – a positive sign for the market.
“The pandemic emergency is now affecting the housing market but these figures show that the underlying trend is positive and the market should come bounding back once the crisis has passed,” he added.
Jeremy Leaf, north London estate agent and a former RICS residential chairman, said this should give property professionals hope.
He added: “If most buyers and sellers are able to press the pause rather than the stop button, and not too many of the fundamentals change, there may be some good business to return to in hopefully the not-too-distant future.”