Britain’s secret house selling boom contributes £30.9bn to total market value

The latest research by Alliance Fund, the end to end real estate fund, has revealed that Britain’s secret property market saw almost £30.9bn worth of property transactions last year, the highest annual market value in well over a decade. 

Alliance Fund analysed the number of properties that were sold off-market across Britain over the last year, as well as the market value of these secret property sales based on current market values. 

The figures show that in 2021, 98,235 homes are estimated to have been sold off-market, a 51.4% increase on the previous year and the third largest annual total of off-market transactions in the last decade.

 It was also the first annual increase in the number of off-market transactions since 2017, with off-market sales declining every year since, until 2021.

While the average house price across Britain at the time sat at £261,927, off-market homes are thought to attract a 20% house price premium due to hot demand from homebuyers. 

With the average off-market property selling for £314,312 in 2021, this means Britain’s secret housing market contributed almost £30.9bn in market value, by far the highest total in the last 10 years. 

So far in 2022 alone, it’s estimated that over 35,000 homes have already been sold off-market, equating to just shy of £12bn based on current market values.