Independant Mortgages Direct

Housing activity is set to surge by 8% following the World Cup, according to a national chain of Estate Agents. The Agents team have analysed the number of property transactions completed during and after World Cups. According to analysis of HMRC figures, transactions have risen by an average of 8% following the competition compared to its first month. For instance, in the last World Cup, 2006, in the month following the tournament, property transactions rose by 10% from 160,000 per month in June to 176,000 in August. Despite England’s failure to qualify for the 1994 World Cup, the trend was still evident – albeit slightly subdued – with transactions rising by 5% following the World Cup. This is not a seasonal phenomenon. For 6 of the last 7 World Cups, the month following the tournament has seen increased activity compared to the same month the year before, rising by an average of 7%.