August home sales up on July but down on a year ago

HMRC data shows that 87,010 homes were sold in August, with this 1% more than July’s total but 16% lower than the total recorded in August 2022. On the month-on-month increase, Iain McKenzie, CEO of The Guild of Property Professionals, said: “Another uplift in property sales is a positive sign that the industry is recovering after a slow first half to the year.“ He said that while year-on-year there was a “significant” drop off in sales, it is “nothing different to what we were forecasting at the start of the year.” He added: “If anything, our predictions of an overall fall of 20% for 2023 may even be revised thanks to the consecutive months of increases we have seen.” 

City AM (30/09/2023)   Daily Mail (30/09/2023)   Evening Standard (30/09/2023)   The Guardian (30/09/2023)