Get your cash offer

1.4 per cent decline in UK property sales in January

The news of a fall in UK property sales last month may have led to more homeowners contemplating the services of cash buyers for houses like Open Property Group. The seasonally adjusted estimate for the month dropped by 1.4 per cent compared to December 2014.

That is according to the latest data from HM Revenue & Customs (HMRC), which said that the period saw some 97,320 residential transactions, representing the continuation of a slight downward trend in seasonal adjusted transactions.

January 2015 saw a drop in the number of non-adjusted residential transactions compared to a month earlier, as well as in comparison to January last year.

An HMRC spokesperson commented: "This is usual during this month of the year, although the number of non-adjusted residential transactions was also lower compared with January 2014. Please note that the figures for the two most recent months are provisional and therefore subject to revision."

HMRC's Stamp Duty Land Tax (SDLT) database is the source of the figures, recording the information that property buyers submit on the Land Transaction Return.

The higher end of the UK housing market has particularly slowed down in recent months, with the prospect of heightened Stamp Duty and a mansion tax on million pound homes a potential source of uncertainty.

The London market has also seemingly bottomed out lately, which may cause some of those struggling to sell their property in the capital on the open market to consider the services of the most reputable cash buyers for houses, such as Open Property Group.

UK housing market activity is presently greater in the north than in the south, powered by the former's greater affordability of properties and the additional help for first-time buyers provided by Help to Buy. Record low mortgage rates have also been of assistance to property purchasers.

For those who are struggling to sell their home in the present climate, however, Open Property Group may provide the swift and fuss-free service that they need in order to move on with their lives. Contact us now for free, no obligation advice, and your home could be sold in just days - wherever you are based in England or Wales.

Published on 26th February 2015

Get a FREE cash offer

Sell when you are ready
Thanks for giving us your address, , . Now we just need your name, email and phone number.

Your details

Property details

Your data will be 100% protected
Or call us now on 0800 990 3939 or 0208 787 5860
properties bought and sold by our directors

average review score on the review website Feefo

7 days
or less is the timescale your property can be sold within if you wish

What our customers say

Feefo -/5 • - reviews (last 12 months) • Read our reviews Stars
Arrow prev Arrow next

The service I received from Open Property Group was very helpful and considerate of my personal circumstances. A thank you to Jason for arranging a cash advance prior to exchanging contracts, and a lump sum when we exchanged. This was a really big help.‎ Your company is simply the best.

Miss M, Southampton

Efficient, friendly and fair. From sold to exchanged in less than 6 weeks using OPG. We couldn’t fault the service. A professional service that any seller should use. If we had more property we’d definitely use them again!

Mr and Mrs M

The open property group recently purchased a property through my agency and found them to be excellent buyers that were able to exchange contracts within one week at the agreed price. I would highly recommend this company.

Trusted Customer

Excellent customer service, amazing communication, honest and genuine company who made the process extremely easy and gave any excellent price.

Trusted Customer

View case studies
Get your cash offer today

We buy property directly and you won't pay any agent's fees.

Step 1: Can you start typing the property address please