You are here: cherry > Press releases for March 2024 > UK monthly property transactions: Comment from Maria Harris, chair of the Open Property Data Association

28 March 2024

Maria Harris, chair of the Open Property Data Association, says: “February’s rise in residential transactions is an encouraging sign of recovery. It’s a busy time for the home-moving market, with rate changes and market updates coming at dizzying pace. Having a well-functioning home buying market has never been more important, so it's encouraging to see the Levelling Up Select Committee inquiry on improving the process and the Law Society embracing upfront material information. Currently, less than one per cent of property data is available in an open, trustable, or shareable format. It's essential that we fix these foundations and infrastructure through open data standards and trust frameworks before we can digitise the homebuying process and give consumers the transparency and ease of transaction they deserve.”

The provisional non-seasonally adjusted estimate of the number of UK residential transactions in February 2024 is 73,360, 3% lower than February 2023 and 9% higher than January 2024.