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Housing transactions in 18.5% annual rise, HMRC claims

Housing transactions in 18.5% annual rise, HMRC claims

There were 88,690 residential property transactions in July – a slight monthly decrease, but 18.5% higher than in July last year.

The figure, from HMRC, is not only seasonally adjusted but provisional, meaning that it is a forecast subject to revision.

It is also in heavy contrast to the Land Registry’s latest monthly figure which says transactions in England and Wales during April were 48,367.

A gap of some 40,000 per month – and both are official figures.

Are EAT and our readers really the only ones to notice?