Housing Activity Cools In January

The number of properties changing hands dampened down in January, government research shows. There were 121,640 transactions in January 2021, 2.4% less than the month before. However the transaction count is still 24.1% higher year-on-year. Read more on the Property Wire website.

https://www.propertywire.com/news/so-resi-unveils-shared-ownership-sales-agency/ 

Housing Transactions Enjoy July Bounce

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/

Huge Drop In Transactions As Year Gets Under Way

There has been a huge drop in transactions in the first quarter of this year, while the  number of first-time buyers using Stamp Duty relief has fallen for the first time since the perk was launched, analysis reveals. There were 46,800 46,800 first-time buyer transactions using the relief in the first quarter of 2019, down from 60,800 at the end of 2018 and the lowest since the scheme was unveiled in November 2017. The research by London Central Portfolio (LCP), also found Stamp Duty receipts and liable transactions are lower than initially revealed earlier this week once Welsh figures – which are no longer included in the data by HMRC – are added back in. Read more on the Property Industry Eye website.

https://www.propertyindustryeye.com/huge-drop-in-transactions-as-year-gets-under-way/

HMRC Figures Show Effect Of Stamp Duty Changes

Residential property transactions increased by 1.5% between April and May 2016, but were 11.9% lower compared to the same month last year, according to the latest seasonally adjusted figures from HMRC. “The large increase in transactions for March 2016 followed by the substantial reduction in April is likely to be associated with the introduction of the higher rates on additional properties in April 2016. However, whilst April and May 2016 are lower than the corresponding months in 2015, it should be noted that the total for March to May 2016 is still substantially higher than the corresponding period last year,” according to the HMRC’s latest statistical release. Read more on the Housing Excellence website.