Tuesday, 7 July 2020

House Sales Plummeted By 50% In May


Half the number of residential properties were sold in May compared with a year ago amid coronavirus lockdown measures. A total of 46,230 property transactions were completed during the month, down 52% on the same month last year, HM Revenue and Customs data shows. There was a slight pick-up on the previous month, reflecting the lifting of housing market restrictions in England in mid-May. Estate agents say demand is now high. Figures show that buyer interest is bouncing back, as housing markets in the other parts of the UK have begun to open too. Read more on the BBC website.

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