HMRC: Property sales down by almost a quarter in April

26th May 2017

The number of residential property transactions in the UK dropped by 22.5% between March and April, according to HMRC. The number of sales fell from 107,090 in March to 83,010 in April on a non-adjusted basis – with it noted that March saw increased activity as a cut to relief on second homes came into force at the start of April. Once seasonal factors are taken into consideration the number of transactions fell by 3.2%. Quarterly transaction levels were also down, with 291,710 recorded transactions in Q1 2017 compared to 306,360 in Q4 2016.

BBC News   Daily Mail (23/05/2017)