Liquid error: wrong number of arguments (2 for 1) Estates Gazette Online: UK resi sales surpass 1.1m, says HMRC | Marsh & Parsons Sales and Lettings Estate Agents London

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Estates Gazette Online: UK resi sales surpass 1.1m, says HMRC

Wed 21 Jan 2015

More than 1.1m residential properties were sold in the UK in 2014, according to new government figures.
Data from HM Revenue and Customs said that close to 1.2m residential assets were sold last year, up from 1.1m
in 2013 and 932,480 in 2012.


The data is based on assets valued over 40,000.


HMRC said: Since December 2008, there has been a slow but steady upward trend in the seasonally adjusted
count. This trend grew at a faster rate between April 2013 and February 2014. However, since then the rate has
declined slightly.


The bulk of sales were done in England, while 23,310 took place in Northern Ireland and 94,950 in Scotland.
Peter Rollings, chief executive of residential agency Marsh and Parsons said: Demand continues to be healthy,
and combined with rock-bottom interest rates and attractive mortgage products, activity will pulse through the
market and push forward further price rises in 2015, albeit at a more restrained level.


Non-residential sales in 2014 totalled 112,640 a slight increase on 103,540 the previous year.


joanna.bourke@estatesgazette.com

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