Latest data shows annual drop in transactions

Latest data shows annual drop in transactions

The latest data has revealed that the number of completed UK property transactions has fallen by 12.9% compared to the previous year.

According to the most recent house price index, January 2018 saw transactions levels decline across all the UK’s constituent countries:

  • In the year to Quarter 1 of 2018, Northern Ireland saw volumes drop from 5,187 in 2017 to 4,545 in 2018
  • England saw the figure fall by 12% in the year to January 2018 to 50,583
  • Scotland saw volumes decline by 7.4% over the 12 month period to January 2018 to 5,909
  • Wales saw the figure drop by 7.3% over the year to January 2018 to 2,3834

It’s important to note that the estimate for January 2018 is calculated based on around 90% of the final registered transactions. It is likely that the number of transactions for the month will grow as more are put into the index.

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