Residential
property transactions slumped 45% between March and April this year, according
to the latest figures from HMRC. A surge in buy-to-let purchases in March to
beat the April deadline for the higher stamp duty charged on additional
properties was cited as a chief cause of the fall in transactions, but some
industry commentators suggested uncertainty over the outcome of next month’s EU
referendum was dampening the market. In April 2016 there were 84,280
residential property transactions, according to HMRC. This seasonally adjusted
estimate is 45.2% lower than March 2016. Furthermore, April ‘s figure is 14.5%
lower compared with the same month last year. Read more on the Housing
Excellence website.
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