The number of UK property transactions fell by just over a quarter in January compared with the month before, HMRC figures show.
The taxman’s latest UK Property Transactions data reveals there were 82,360 sales in January, down from 111,280 in December.
On an annual basis, the figure for January is also 2% down from 84,030.
The figures we have quoted are non-seasonally adjusted.
The seasonally adjusted HMRC figures paint a totally different picture, of 104,820 residential transactions in January.
This suggests transactions increasing by 4.9% monthly and by 0.3% on an annual basis