Property transactions fell in April

Residential property transactions fell 0.3% month-on-month in April, according to data from HMRC, though were still up 0.8% on last year. Transactions for non-residential properties increased 9.5% on a monthly basis and increased 7.1% on April last year - showing demand for commercial real estate remains strong despite the ongoing Brexit uncertainty. Brian Murphy, head of lending at Mortgage Advice Bureau, said the figures point to a "degree of resilience" amid political turmoil.

City AM (21/05/2019)