The number of property sales in the UK hit the highest level so far in 2019 last month.
HMRC data shows there were 113,610 residential property transactions on a non-seasonally adjusted basis during October.
This was up 4.2% annually and up 14.4% over the month.
This is the highest number of sales recorded since November last year.
The increase was led by Wales, where transactions increased 6.3% annually and 14.3% on a monthly basis.
Sales were up 4.1% over the year and 15% over the month in England, 4.2% annually in Scotland and 7.9% on a monthly basis, while Northern Ireland saw a 4.6% annual increase and 11.2% monthly rise.
On a seasonally-adjusted basis, transactions were up 4.3% both annually and monthly to 103,680.
Comments (1)
That’s because there is so much uncertainty every transaction is taking so much longer.This ‘swelling of numbers” is likely because there was a backlog and I bet if you look at last months numbers they were light