You are here: Home - News -

Property transactions rose six per cent in February – HMRC

by:
  • 24/03/2020
  • 0
Property transactions rose six per cent in February – HMRC
Residential property transactions rose by six per cent in February when compared to the same month last year, figures from HMRC show.

 

There were 103,870 transactions during the month, 4.5 per cent more than January 2020. 

 

Positivity should remain 

Mike Scott, chief property analyst at Yopa, said the figures showed that before the current coronavirus crisis, the housing market was on an upward trend – a positive sign for the market. 

“The pandemic emergency is now affecting the housing market but these figures show that the underlying trend is positive and the market should come bounding back once the crisis has passed,” he added. 

Jeremy Leaf, north London estate agent and a former RICS residential chairman, said this should give property professionals hope. 

He added: “If most buyers and sellers are able to press the pause rather than the stop button, and not too many of the fundamentals change, there may be some good business to return to in hopefully the not-too-distant future.” 

 

There are 0 Comment(s)

You may also be interested in

  • RT @VickyHartleyMS: Sunak doubles incentives to £3,000 to take on apprentices and offers £126m in 'new cash' to triple traineeships. One to…
  • RT @VickyHartleyMS: Watch out for breaking news coverage on the #Budget2021 this afternoon from the best UK mortgage and property journalis…

Read previous post:
arrow heading downwards
Third of tracker mortgages pulled after base rate drop

Almost one in three tracker mortgages were withdrawn from the market just days after the Bank of England (BoE) dropped...

Close