Jun 22 2018 11:19:00

Sales Spring Bounce

The typical spring bounce in the property market may have started slightly later this year, as HMRC data shows a 12.1% boost in transactions during May.

HMRC’s property transactions statistics had registered a fall in sales during April, but the latest data suggests a more positive market.

The taxman recorded 95,480 residential property transactions last month, up 12.1% on April but down 1% annually.

All UK regions saw a monthly rise, with the Welsh market up 25.2% to 4,460 transactions, and England saw a 12.4% boost in sales to 80,900.