Property transactions fell last month, HMRC says

Just 92,270 homes were sold in March, according to HM Revenue & Customs' latest figures, a 7.2% month-on-month fall and 11.8% lower than the same point a year ago. Brian Murphy, head of lending for Mortgage Advice Bureau, suggests that in the vast majority of towns and cities across the UK it is not a lack of consumer demand which is putting the brakes on the housing market - but what’s available to buy and lack of choice. Non-residential property transactions also decreased, slipping 7.9% between February and March, and down 12.1% compared with the same period last year.

Daily Mail (24/04/2018

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