THE volume of house hunter inquiries has started shrinking nationally after a reduction in the amount of stamp duty savings to be made, surveyors have reported.

It comes after the end of the full temporary tax holiday saw the threshold for stamp duty reduce from £500,000 to £250,000 as of June 30 and it is set to revert back to £125,000 on September 30.

Buyers had rushed to complete deals before the deadline, with the number of housing market transactions soaring to a record high of almost 200,000 in June – around twice the typical monthly number before the pandemic.

Despite this, a lack of housing supply is still underpinning price growth and house prices remain high.

Recent house sale enquiry data released by We Buy Any Home reveals property sale trends in Hampshire over the pandemic and last four years.

Whilst some areas have seen a huge increase in the amount of house sale inquiries over the last year, others have more satisfied homeowners with a decrease in the amount of people wanting to sell up.

Here is what they found.

Rushmoor saw an 83 per cent increase in house sales enquiries this year, the biggest yearly change in Hampshire.

Meanwhile, Gosport has the most satisfied homeowners, as this is the only location with a three and a half year decrease in homeowners looking to sell their home.

Why Are People in Hampshire Selling?

Unsurprisingly, after being stuck at home during the pandemic, the main reason people are looking to sell up in Hampshire is due to space with 22.35 per cent of house hunters looking to upsize.

The second most likely reason was the sale of a second home (15.63 per cent) which suggests residents have had to focus on cutting back on unnecessary costs.

Hampshire is known for its stretches of sandy beaches, country side walks and proximity to the capital so it is understandable that many have chosen the county for their second homes.

The third most popular factor was downsizing ( 8.24 per cent), which also suggests financial difficulty.

Sadly around 3.19 per cent of people were forced to move due to financial difficulties and a further 5.21 per cent moved after divorce or a breakup.

Other reasons for moving included, finding a dream house, relocating, inheritance and retirement.