Yorkshire Building Society’s analysis of Land Registry data has found that nearly 600 homebuyers purchased properties with Christmas-related terms in the address in 2024.
The society estimated that property transactions increased this year, and that momentum will carry into 2025 after low activity in 2023.
The analysis showed that 22 properties with ‘Christmas’ in the address changed hands, including 10 homes named ‘Christmas Cottage’, and Christmas Wood in Hexham.
New homeowners are now decorating in Christmas Pie Avenue in Guildford and Christmas Tree Crescent in Hockley.
Elf Cottage in Peterborough, Mistletoe House in Torquay, Yule House in Alnwick, Festive Mansions, and Rudolph Court in London also have new residents.
Holly was the most common festive word, with over 500 people buying homes that contained it in the last year.
The Government estimated that nearly 900,000 residential properties were sold between January and October 2024.
Property transactions have decreased since a peak post-Covid.
There were more than a million transactions in 2023, 1.26 million in 2022, and 1.48 million in 2021.
Max Shepherd, group economist at Yorkshire Building Society, said: “We estimate there will be around 1.1 million property transactions in 2024, which means there’s been a decent recovery this year as rates have fallen, affordability pressures have eased and confidence has risen.
“In recent years we’ve seen more fluctuation than normal in the number of people buying and selling homes.
“The figure fell in 2020 because of the pandemic, then stamp duty relief gave the market a boost in 2021 and 2022. In 2023, because of high interest rates, we saw the lowest amount of activity since the credit crunch.
“We expect that lower interest rates, wage growth and momentum will mean more homes changing hands next year – around 1.17 million based on current expectations.”
