Housing transactions lift slightly as autumn gets under way – but still playing catch up

Residential transactions in the UK have been estimated at 101,740 by HMRC.

The figure has been seasonally adjusted and is provisional, but looks to be 2.3% higher than September last year and 5% higher than in August.

Without adjustment, the ‘raw number’ transactions last month look to have been around 6.3% higher than in September last year.

However, year-to-date figures as at the end of September show that residential transactions have decreased compared with the two previous years, standing at under 600,000 on a seasonally adjusted basis, and at 600,000 when not adjusted.

According to the Land Registry, there were 868,886 residential transactions in England and Wales last year. This was 27% down from the almost 1.2m recorded 20 years ago, in 1999.

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