Property transactions fell in April: HMRC – Mortgage Strategy

HMRC – Property transactions pick up in February The number of property transactions increased by 1.7 per cent between the start of this year and February, according to new figures from HMRC. Seasonally adjusted, there were 101,780 residential transactions in February, which measured on an annual basis, equates to a 2.7 per cent jump.

Property transactions in the UK fell by 3.2 per cent in the month to April but were up 20.3 per cent on the same month last year on a seasonally adjusted basis, according to HMRC. The year-on-year rise in transactions has been linked to the introduction of higher tax rates on additional properties in April 2016, which means that ‘direct.

Property transactions in the UK fell by 3.2 per cent in the month to April but were up 20.3 per cent on the same month last year on a seasonally adjusted basis, according to HMRC. The year-on-year rise in transactions has been linked to the introduction of higher tax rates on additional properties in April 2016, which means that ‘direct comparisons should be avoided’, HMRC says.

UK property transactions fell by a fifth between March and April, underlining a slowing property market, HMRC figures suggest. The data, based on sales within the Stamp Duty thresholds, show there were 83,010 transactions in April 2017, down from 107,090 the month before, a 22.5% decline.

The May data shows: on average, house prices have risen by 0.1% since April 2019; there has been an annual price rise of 1.2%, which makes the average property in the UK valued at 229,431

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HMRC – Residential property transactions up in October Figures from HMRC show the number of residential property transactions stood at 102,530 in October, a 0.9 per cent increase from September. This month’s seasonally adjusted figure is 1.3 per cent higher compared with the same month last year.

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Residential property sales in the UK fell by 3.3% between April and May 2017 but they were 13.4% higher compared with the same month last year, the latest official figures show. But the data report from HMRC points out that direct comparisons of residential transactions between May 2017 and May 2016.

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