The HMRC have released their latest set of data relating to the number and aggregate value of property transactions in the UK.
There were 932,000 completed transactions of a value above £40,000 last year, up 5% from 2011.
Sales had increased in the final quarter to 237,000 transactions, a 4 per cent increase on the previous quarter.
The transaction level was at its highest since 2007 when 1.6 million transactions were recorded.