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UK Residential Property Transactions Decrease by More than 25%
The UK property market has seen a significant decrease in residential property transactions over the past year. According to the latest figures from HM Revenue & Customs, the number of residential property transactions in the UK has dropped by more than 25% compared to the same period last year. This decrease in residential property transactions is likely due to a combination of factors. The most significant of these is the uncertainty surrounding Brexit and the economic uncertainty it has caused. This has led to many potential buyers and sellers being reluctant to commit to any major purchases or sales. In addition, the UK housing market has been affected by a lack of available housing stock, as well as increasing house prices. The decrease in residential property transactions is likely t...