Residential housing transactions rose significantly in July, shows new HMRC data.It counts 70,710 transactions made in July on a seasonally adjusted basis. This is a 14.5 per cent rise on June and 27.4 per cent down on July 2019’s number. Non-residential transactions came in at 8,380, a 27.6 per cent improvement on June but 18.3 per cent lower than seen in July 2019. HMRC puts this rise down to pent-up demand, saying that the residential Stamp Duty holiday will likely not show up in transactional data “until late August or early September.” Read more on the Mortgage Strategy website.
https://www.mortgagestrategy.co.uk/news/housing-transactions-enjoy-june-bounce-hmrc/
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