A record 2,848 land transactions were completed in the Isle of Man in 2021, according to a new analysis by the Manx TaxPayers’ Alliance of data obtained from the Isle of Man Government.
2021’s record number of 2,848 completed land transactions was an increase of 14% on the 2,501 completed land transactions in 2020, and is the second consecutive year of significant growth in the number of completed Isle of Man land transactions.
“This data is further evidence that there is strong and sustained demand for housing on the Isle of Man,” said Michael Josem of the Manx TaxPayers’ Alliance. “Despite the Cabinet Office’s mistakes causing lockdowns early in 2021, the Isle of Man saw a record number of completed land transactions last year.”
Prior to the new record of 2,848 completed land transactions in the 2021 calendar year, the previous record was 2,511 transactions in the 2018 calendar year. 2019 saw a 12% drop in transactions to 2,218, before a 13% increase in transactions to 2,501 in 2020 calendar year.
Annual completed land transactions since 2006
Months with most completions
September was the month in 2021 with the highest number of land transactions completed, with 325 transactions. This was the second-highest number of completions recorded in a month of all time on the Isle of Man, behind only July 2020, which retains the record with 340 transactions in that month.
|Rank||Month||Number of completions|