Our Chief Commercial Officer, Paul Stockwell, comments on HMRC property transactions data
“Whilst the transactions figures have not improved significantly since May, the nature of the property market means people have not had enough time to get through the moving process. It will take a bit longer for us to see how much new activity there has been in the market since it reopened in May.
“More up-to-date figures from property portals offer encouraging signs. There are suggestions that the stamp duty cut has already boosted buyer demand and this has helped to ensure prices have not crashed in a way many commentators predicted they might, which is a positive sign.”