UK Property Transaction Count – March 2017 from HMRC

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.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Love or Hate Rightmove
Breaking News

Rightmove comment & mortgage rates ahead of Spring Budget tomorrow

Matt Smith, Rightmove’s mortgage expert said: “The relative stability of the mortgage market at the start of this year appears to have helped give more movers confidence. However, ahead of the Spring Budget tomorrow, demand has been slowest to pick up in the typical first-time buyer homes sector. After demonstrating resilience and determination last year, the…
Read More
Breaking News

Breaking Property News – 04/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Spring Budget – what has Jeremy Hunt got in store for the property sector? Two important things happen this coming Wednesday the 6th of March at 12.30pm, Zara my co-director goes for her six weekly groom, and the Chancellor of the exchequer Mr Hunt…
Read More
Software & Tech

Color Prediction Games and the Role of Emotional Intelligence in Success

Color prediction games, often celebrated for their dynamic and visually engaging nature, require more than just strategic thinking. The role of emotional intelligence in these games is a crucial factor that can significantly impact a player’s success. In this article, we explore how emotional intelligence comes into play in color prediction games and influences the…
Read More
Breaking News

Breaking Property News – 01/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Table of ContentsHide Alto reveals ‘next generation’ of Lettings Progression Birchgrove and Hybr launch intergenerational living scheme Laura Hamilton to present Guild Awards at the Annual Guild Conference   Alto reveals ‘next generation’ of Lettings Progression Alto, software for estate agents and part of…
Read More
Breaking News

Breaking Property News – 29/02/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Laura Hamilton to present Guild Awards at the Annual Guild Conference The Guild of Property Professionals is thrilled to announce that Laura Hamilton, renowned TV Presenter, Property and Travel Expert, and Entrepreneur, will be presenting the Guild Awards at the Annual Guild Conference and…
Read More
Breaking News

Breaking Property News – 28/02/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Birchgrove and Hybr launch intergenerational living scheme A unique partnership will see students, key workers and retirees live together at new north London retirement development. Birchgrove, the UK’s leading provider of rented retirement homes, and Hybr, the UK’s leading student letting platform, today announce an industry-first…
Read More