Search Acumen comments on the latest HMRC property transaction data for March

Print This Post

21 April 2016


Search Acumen200Andy Sommerville, director of Search Acumen, comments on HMRC’s number of property transactions for March:

“March saw a huge increase in the number of residential property transactions, as large numbers of prospective property investors looked to beat the implementation of the stamp duty changes.

“The number of transactions increased by a massive 40% on February and were 60% higher than at the same time last year.

“Faced with an extra 3% stamp duty, it’s little surprise that investors were thinking with their wallets, but the scale of the surge in transactions shows just how big a motivation this was to buyers with multiple properties.

“Transaction rates in March were much higher than anything seen since before the recession, and it is encouraging that there are signs of health in the market after some leaner years.

“However the rush is now over and we can expect activity levels to taper off somewhat in April. With the Brexit vote looming and ongoing problems in the international economy, the market is facing a degree of uncertainty, but with demand for homes far outweighing the available supply, any dip in prices and activity is unlikely to last for long.”



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Legal Futures Blog

Rating lawyers by their wins and losses – a good idea?

Robert Ambrogi

Lawyers will give you any number of reasons why their win-loss rates in court are not accurate reflections of their legal skills. Yet a growing number of companies are evaluating lawyers by this standard – compiling and analysing lawyers’ litigation track records to help consumers and businesses make more-informed hiring decisions. The shortcomings of evaluating lawyers by win rates are many. Not least of them is that so few cases ever make it to a win or loss. Of equal concern is that, in the nuances of law practice, it is not always obvious what constitutes a win or a loss.

February 22nd, 2017