Sun fails to shine on property market as transactions plummet 11% year on year

All UK regions posted a double digit decline in sales in July, HMRC data has revealed.

The taxman’s latest UK property transaction figures show sales fell 10.9% annually last month on a non-adjusted basis to 92,280.

The biggest slump was in Northern Ireland, with transactions down 16.5%.

Volumes slipped 10.8% annually in England, 11% in Scotland and 10.9% in Wales.

Sales also fell on a monthly basis in all regions except Scotland, which registered a slight 0.25% rise.

The data was no better on a seasonally adjusted basis, with residential property transactions down by 8.5% between June and July, and 12.4% lower than July 2018 to 86,630.


Email the story to a friend

Leave a reply

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.