Election result prompted property transactions to soar

The latest HM Revenue and Customs data shows that UK property transactions soared at the end of last year. Residential property transactions increased 6.8% year-on-year in December to 104,670, up 6.2% on November’s number, while the total number of non-residential UK property transactions hit 10,690 during the month - up 13.4% higher on the month prior. Private Finance director Shaun Church said: "This increase in activity looks set to continue into early 2020. The decisive outcome of the General Election has generated a surge in interest from buyers and sellers."

City AM (21/01/20)