April property transactions remain stagnant – Commercial Finance Network

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Residential property transactions decreased by 0.3% between March and April on a seasonally adjusted basis, according to the latest figures from HMRC. The number of transactions remains 0.8%.

For April 2018, the provisional seasonally adjusted UK property count was 100,190 residential and 11,300 non-residential transactions. On a seasonally-adjusted basis, whilst the estimate for the number of residential property transactions saw a month-on-month growth of 3.5%, this year’s level was 2.7% below the corresponding month in 2017.

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For June 2018 the number of non-adjusted residential transactions was about 13.0% higher compared with May 2018. The number of non-adjusted residential transactions was 8.8% lower than in June 2017. Kevin Roberts, director of Legal & General Mortgage Club, said: "Overall housing transaction figures are stagnant.

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Residential property transactions remained stagnant in April but increased slightly on last year’s figures, latest official data has shown. In its UK property transactions statistics report.