Residential property transactions in February this year fell by a fifth when compared with the same month last year, according to the latest data from HMRC.
An estimated 112,240 transactions took place last month across the UK, which was down 20.8% year-on-year, HMRC said.
The total was, however, 4.4% higher than in January 2022.
Around 96,250 homes changed owners in February across the UK, 15.3% higher than in January, the figures show.
Total sales for the first two months of the year stand at 179,900, some 18% lower than the corresponding period last year. But this is still the next highest level since 2007.
Read the full article on Property Industry Eye | MARCH 23, 2022 | MARC DA SILVA
Estate Agents
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