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The traditional summer property slowdown is weighing particularly heavy this year. HMRC figures reveal a marked reduction in the number of property transactions over the summer months, with a fall of 8.5% in residential transactions between June and July 2019, and a 12.4% decrease since July 2018. Residential property transactions totalled 86,630 in July - 8,000 fewer than the previous year - according to the report, which studied transactions worth over £40,000 in Scotland, England and Wales.
The Times (22/08/2019)