The latest figures from HMRC are good news. They’ve reported that the number of property transactions across the UK rose on both an annual and monthly basis in March. There were a grand total of 101,830 residential transactions, a 1.4% rise month-on-month and a 6.8% rise from the same point last year.
Even outside of the residential arena the news is positive. There were 11,210 transactions for non-residential property in March, providing a punchy 8.9% rise month-on-month and 9.7% rise from the same point last year.
Whilst this all feels good and is a sign that the whole market is continuing to improve, they should be taken with a modicum of caution. It will be interesting to see what happens during the traditionally active Spring period and with the constant threat/non-threat/who really knows what’s happening impact of Brexit.
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