SearchFlow comments on HMRC’s latest release of UK Property Transaction Data

Print This Post

23 February 2016


Searchflow 2016HMRC’s data has revealed a seasonally adjusted decrease of 2.8% in transaction levels between December 2015 and January 2016. With a 27.5% monthly reduction in non-adjusted residential transaction, HMRC stated that a monthly decrease of this magnitude is usual in January.  There is a 9.7% increase in transaction levels compared to the same month last year.

Maud Rousseau, group marketing and communications director at SearchFlow, comments: “The housing market is buoyant. HMRC’s data indicates a significant increase in activity compared to this time last year and this is also reflected in the CML’s data that recently revealed the highest level of lending in January for eight years.

“It is widely anticipated that there will be a rush to complete property purchases prior to April, ahead of the introduction of the extra 3% stamp duty charge for additional homes.

“This can be reflected in our latest conveyancing sentiment survey with almost a third of our respondents preparing for activity levels to increase by 10% to 20% in the first quarter of this year. But now that the referendum date has been set, we are then likely to see the transaction level dip as any uncertainty surrounding a potential Brexit gains momentum.

“However, with the economy strong, employment level high, interest rates low and the economic and housing policies unlikely to change very much; once the dust settles there is very likely to be a post-referendum boost to activity levels, regardless of the outcome. Pent up demand and a short supply of housing will continue to drive the market.”

 



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



Legal Futures Blog

Is your marketing budget actually delivering a return?

Qamar Anwar 2

“Half the money I spend on advertising is wasted: the trouble is I don’t know which half.” Marketing pioneer John Wanamaker may have been forgiven for his lack of insight into his advertising budget back in the late 19th century, but what of today’s marketers? Surely in today’s data-driven age, accessing and utilising marketing budget data is commonplace? But in a world where there is a plentiful supply of data and information to aid marketing planning and decision making, it was quite shocking to see in new research that so many firms are investing in marketing activities that they openly admit are neither important nor effective.

October 19th, 2017