UK Property Transaction Count – March 2017 from HMRC
April 25, 2017
HM Revenue and Customs UK Property Transactions Count – March 2017 released 21st April 2017.
In the commentary they stated: The provisional seasonally adjusted UK property transaction count for March 2017 was 102,810 residential transactions.
The seasonally adjusted estimate of the number of residential property transactions increased by 0.5% between February 2017 and March 2017. This month’s seasonally adjusted figure is 40.9% lower compared with the same month last year. However, this large year-on-year drop is due to the unusually high transaction count in March 2016.
The large increase in transactions for March 2016 followed by the substantial reduction in April is associatedwith the introduction of the higher rates on additional properties in April 2016. Non-tax factors may have causedchanges in the property market as well, for example the Bank of England’s plans to curb Buy-to-Let mortgages resulting in a rush to purchase before April 2016, and the EU Referendum affecting transactions in the following months. The residential count includes properties paying the main and additional rates.
Read the Property Transactions in the UK – March 2017 on Gov.UK in full click here.
You May Also Enjoy
How to Become an Estate Agent with No Experience
Breaking into the property industry can seem intimidating – especially if you’ve never worked in it before. But the good news? You don’t need years of experience or fancy qualifications to start a career as an estate agent in the UK. In fact, many successful estate agents started with no background in property at all.…
Read More 9 Advantages of Selling Your House by Auction
Selling your house by auction might seem like a daunting prospect, but it comes with numerous advantages that can make it a highly attractive option. While the traditional method of selling through an estate agent has its place, auctions are increasingly becoming a popular choice for homeowners looking for a swift and reliable sale. Here…
Read More Majority of Tenants Unsure How Changes Will Affect Them, Says LRG
With major changes to the private rental sector on the horizon, 62% of tenants say they don’t know whether the government’s Renters’ Rights Bill will address their concerns – highlighting a growing need for clearer communication around what the reforms will mean in practice. LRG’s latest Lettings Report shows that while landlords are widely aware…
Read More Perfume Storage Tips: How to Keep Your Fragrances Fresh
Perfumes are sensitive compositions that can be significantly affected by how they are stored. Proper storage ensures that your favorite fragrances stay fresh and maintain their intended scent profile. In this article, we’ll explore practical, fun, and effective tips to help you preserve your perfumes in perfect condition. Understanding the Sensitivity of Perfumes Perfumes are…
Read More Renters’ Rights Bill Delay Causing Uncertainty for Tenants and Landlords
Ministers need to tell landlords and tenants when measures in the Renters’ Rights Bill will take effect the National Residential Landlords Association (NRLA) is today warning. The Government pledged last year to abolish Section 21 ‘no explanation’ repossessions and to make other changes to the rental market this summer. With the Bill not scheduled to…
Read More Breaking Property News 02/04/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Made Snappy 360 appoints new CEO and Sales Director to accelerate growth in the property technology space Made Snappy 360, the fast-growing proptech company known for its virtual tours and floor plan technology, has appointed industry veteran Mark Beresford-Ward as its new Chief Executive…
Read More