Transaction levels virtually unchanged into July according to HMRC
The number of transactions for value over £40,000 across the UK rose very slightly from 103,450 in June to 104,200 in July, according to HMRC. The slight rise of 0.7% compares unfavourably to last year’s rise from 114,770 to 120,610 – a rise of 5.1%. The relative stagnation is reflected in the seasonally adjusted figures, which […]
New build approvals defy Brexit fears
The number of new build homes approved in London rose in Q2 rose to 6,310, with 76% of new homes approved across the capital. Quarter on quarter, 46% more homes were approved. Westminster approved the highest proportion with a 99% approval rate. However Newham approved just 8%, with the borough approving just three new houses […]
Transactions down 11% on 2015 for June, say HMRC stats
The number of transactions worth more than £40,000 was 11% lower this June compared with June 2015, according to statistics released by HMRC. In total there were 102,010 house purchases, down from 114,770 in June 2015. However there are signs the market is beginning to recover from the effects of the SDLT reforms which saw transaction levels […]
House prices rise 8.1% rise in year to May – ONS
The price of the average house in the UK has risen to £211,230, a rise of 8.1% over the twelve months to May this year, and 1.1% from April into May. New build prices have risen dramatically, up a huge 9% between April and May to £270,178, and a total of 16.4% annually. Correspondingly, the […]
More than 100,000 fewer transactions in April
The number of transactions in April plummetted by over 100,000 compared with March according to statistics released by HMRC. In total, HMRC say there were 70,690 residential transactions for over £40,000 in April, down from 173,430 in March. April saw the lowest number of transactions in three years. Compared to April in 2015, the number […]
Housebuilding on the up as construction work generally falls – ONS
The amount spent on building new houses has surpassed it’s pre 2008 peak according to the Office of National Statistics. Thanks to an increase in private house building, just over £7.5 billion was spent on house building work in Q1 of 2016, surpassing the £6.9 billion spent in Q1 of 2007. Compared with a year […]
