May transaction levels up on April but down on last year
Tue 23 Jun 2015
The Governments latest stats have put last months UK resi transaction tally at 98,540.
HMRCs provisional seasonally adjusted estimate shows an uptick of 1% between April and May, although deals were down 3.1% on the same month last year.
The number of non-adjusted resi transactions was 11.6% higher compared with April 2015, reflecting the usualincrease in transactions at this time of the year, but 4.5% lower than in May 2014.
The height of the boom in 2006 saw nearly 1.7m homes sold in the UK during the year, although this hadplummeted to 848,000 just three years later. 2014 saw around 1.2m properties change hands nationwide.
Peter Rollings, CEO of Marsh & Parsons: Already this month, demand has been going from strength to strength and confidence has more than rallied from the pre-election let-up, with new buyer registrations now up 27% onJanuary.
Mansion Tax is now a distant memory and the higher-end of the market is moving more freely once again. Thisoptimism is filtering all the way down the ladder and an improved sense of positivity is translating into moreproperties going under offer across the capital. In London, demand and supply of homes on the market areaccelerating neck-and-neck, which will ensure price growth continues cruising along at a sensible pace.