March HMRC Property Transactions: Expert Insights
In March, the UK property market experienced a 14% decrease in activity compared to the same month the previous year, and a 26% increase from February. Analysts were perplexed by the variance from month to month and attributed it to factors such as a stamp duty incentive and a resurgence in activity in the south-east of England. Despite the uplift in turnover, many questions still remain as to what the data is telling us and what the future may hold.