April property transactions remain stagnant – Commercial Finance Network

For April 2018, the provisional seasonally adjusted UK property count was 100,190 residential and 11,300 non-residential transactions. On a seasonally-adjusted basis, whilst the estimate for the number of residential property transactions saw a month-on-month growth of 3.5%, this year’s level was 2.7% below the corresponding month in 2017.

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The most notable features of the commercial real estate market are the slowdown that has occurred so far in 2016 compared to the previous year, and the impact that the UK’s referendum on leaving the EU has had on the property market in the short term and how it will continue to impact going forward.

There were 99,420 transactions (provisional seasonally adjusted) in April, down by 0.3% from March. Kevin Roberts, director, Legal & General Mortgage Club, said: "Despite greater innovation in the mortgage market and government schemes like Help to Buy and Shared Ownership, property transactions remain stagnant.

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Residential property transactions remained stagnant in April but increased slightly on last year’s figures, latest official data has shown. In its UK property transactions statistics report.

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– For April 2018, the provisional seasonally adjusted UK property count was 100,190 residential and 11,300 non-residential transactions. On a seasonally-adjusted basis, whilst the estimate for the number of residential property transactions saw a month-on-month growth of 3.5%, this year’s level was 2.7% below the corresponding month in 2017.

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The number of residential property transactions in the UK in December decreased on a monthly basis but it experienced a mild increase year-on-year, official data has shown. The provisional UK property transaction count for December 2018, for properties above 40,000, was 102,330, according to the latest report from HM Revenue and Customs.

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