LiveMore Capital comments on HMRC property transaction figures

Simon Webb, MD of Capital Markets and Finance at LiveMore Capital, comments on the HMRC property transaction figures.

“Looking at the non-seasonally adjusted housing transactions, which are 2% lower in October than they were in September, indicates the start of a slowdown in the market.

“Transactions are likely to drop further as higher mortgage rates and the rising cost-of-living will put some people off buying.

“In contrast, the annual non-seasonally adjusted figures show a 29% rise from October 2021.

“This is due to the stamp duty holiday peak in September 2021’s figures which then plummeted in October, hence the large annual rise this year.”

Kindly shared by LiveMore Capital

Main photo courtesy of Pixabay