Property transactions plummet

28th July 2017

The number of homes bought and sold has fallen to the lowest since October last year, according to HMRC. On a seasonally adjusted basis, there were just 96,910 residential sales last month, down 3.3% from May and the first time this year that the number of house sales has fallen below 100,000 a month. HMRC said that although transactions were up 1% compared with last June, this was partly because sales last year were dampened by stamp duty land tax changes introduced in the budget.

The Times (22/07/2017)