There were 63,250 residential property transactions in the UK during June, according to new data published by HMRC.
The figure was 35.9% drop from June 2019, but also represented a 31.7% jump from the number of transactions in May.
For UK non-residential property transactions, HMRC also revealed there 7,340 during the month of June. This was a fall of 27.4% from the same month a year earlier, but 31.2% higher than the figure recorded in May.
Responding to the latest HMRC data, Phoebus Software sales and marketing director, Richard Pike, said: “Although the figures from HMRC today are provisional, and we are advised to accept them with caution, these are not the only signs that the housing market is on the move again. When you add in the Chancellor’s announcement on stamp duty you would hope that this upward trend is set to continue.
“Coming out of lockdown, even with an air of caution, has given many people the impetus to pick up where they left off. Whereas for others, especially those who have been living in flats with little or no outside space during lockdown, may be thinking that now is the time to look for a new home.
“All the signs are positive so now it’s up to the lenders to jump into action, while the demand is there.”
Latest News
-
Average price of new property on market climbs 0.3%
-
Younger advisers more likely to work with new clients, study finds
-
Chancellor revives ISA allowance reforms
-
FCA calls on banks to improve romance fraud prevention
-
Titan Wealth agrees acquisition of Blacktower Group
-
GDP increases by 0.3% in three months to August
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories