Jackson-Stops comments on HMRC Transactions Data April 2024

Nick Leeming, Chairman of Jackson-Stops, comments on the publication of the HMRC Transactions Data April 2024.

The publication showed the seasonally adjusted estimate of the number of UK residential transactions in April 2024 is 90,430, 10% higher than April 2023 and 5% higher than March 2024.

Nick Leeming said:

“Whilst the starting pistol has been fired on the general election, lifestyle, schools and finances all remain significant levers for home movers in the immediate term.

“Homeowners, renters, and property agents alike will be paying close attention to what the main parties have to say – and promise – in the coming weeks, and whether tax reforms may be on the cards.

“However, the biggest incentive may come from a future drop in interest rates to open more lending options for would-be buyers.

“Across Jackson-Stops’ own national network in April, valuations and market appraisals are at their highest in since the pandemic, suggesting sellers remain resolute in their decisions to move.

“The market is no stranger to a general election, and positively, has a proven track record of taking external headwinds in its stride.”

Kindly shared by Jackson-Stops