LiveMore comment on HMRC property transactions

21 July 2022

Simon Webb, managing director of capital markets and finance at LiveMore, commented: “This year has been a bit up and down on a monthly basis for housing transactions but on a seasonally adjusted basis they are relatively steady and not dissimilar to pre pandemic levels.

“The 3.1% monthly drop in housing transactions in June could be the start of a summer lull. With an uncertain economic environment ahead as the cost of living continues to rise along with interest rates, people may put their house buying plans on hold. However, we are seeing house price growth slow down so affordability may still be in reach for potential buyers.

“But the bottom line is a continued lack of supply in the housing market. The new Prime Minister, whoever he or she may be, must make housing and the infrastructure to support it a priority.”