UK property transactions fall for third month in a row

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The tons of homes being bought and sold has fallen for the third month in a row, according to rule figures.

Across the UK there were 96,910 residential transactions in June, on a seasonally-adjusted principle.

That is a fall of 3.3% on May’s number, and the lowest total since October 2016.

The roles, from HM Revenue and Customs (HMRC), represent a small annual be promoted, up 1% in comparison with June 2016.

However, last summer’s purchases were depressed by the introduction of additional stamp duty rates in April.

It is also the in the beginning time this year that the number of transactions has fallen farther down than 100,000 a month.

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Property experts think the figures swap a more accurate indication of the health of the market than house expenses.

«These figures are disappointing as we would have expected them to be much penetrating bearing in mind the turmoil in the market this time last year stalk the introduction of the stamp duty surcharge,» said Jeremy Leaf, a north London stratum agent.


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