The number of UK property transactions fell by just over a quarter in January compared with the month before, HMRC figures show.
The taxman’s latest UK Property Transactions data reveals there were 82,360 sales in January, down from 111,280 in December.
On an annual basis, the figure for January is also 2% down from 84,030.
The figures we have quoted are non-seasonally adjusted.
The seasonally adjusted HMRC figures paint a totally different picture, of 104,820 residential transactions in January.
This suggests transactions increasing by 4.9% monthly and by 0.3% on an annual basis.
I guess lack of supply is starting to feed through to the completion numbers now. Hopefully supply will be on its way back up again. Is anyone starting to feel that so far this year?
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Our Stats according to Intel, showing reasonable growth in listings with Sales outperforming strongly.
Significant as last year we were bombarded by investors, this year they are non-existant.
January 1st to Feb 21st 2016
Listings = 105
Sales = 84
January 1st to Feb 21st 2017
Listings = 121
Sales = 137
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Sorry, should have added that with Withdrawals added to strong sales our stock levels are dropping at a concerning rate. Overvaluing is in my opinion rife in our area. Which is making it tougher to win instructions and driving customer expectations on price.
One certain “Spicy” agent known for their overvaluing is winning stock but selling tiny volumes.
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