Movera comment on today's HMRC property transaction figures

27 September 2024

Please find below, a comment on today's HMRC property transaction figures from Nick Hale, Chief Executive Officer at Movera, a group of home moving businesses including ONP Solicitors:

“These latest figures reflect a resilient UK housing market, with residential transactions in August 2024 up 5% year-on-year. As we approach the upcoming Autumn Budget, it’s clear that the housing sector remains a vital component of the economy. Any measures introduced in the Budget, such as adjustments to stamp duty or support for first-time buyers, could further stimulate demand, especially as affordability remains a key concern for many.

“While the non-residential sector has seen a slight decline, the strong residential performance underscores the continued confidence in home ownership. For the home moving industry, this presents ongoing opportunities, and at Movera, we are well-positioned to help homeowners navigate any policy changes or market shifts that emerge from the Budget.”