Monthly transactions reach 100,000

There were 114,780 residential property transactions in the UK last month, HMRC has reported.

The figure differs from the ‘seasonally adjusted’ figure of 104,590 which is often quoted by the media.
However, we prefer to quote HMRC’S non-seasonally adjusted figures.

In real terms  therefore, the June figure is well ahead of  99,190 in May and beats the last high in August last year of 114,720.

It is also the first time this year that monthly figures have been above the 100,000 level for home sales. In 2014, there were just over 1.2m transactions, according to HMRC.

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