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Purplebricks plc

Property transactions up 3.2%: HMRC

There were 102,050 residential property transactions in November, an annual rise of 1.9% and 3.2% higher than in October, according to the latest figures from HMRC.

Year-on-year, the non-seasonally adjusted estimate of UK residential teansactions is approximately 0.2% lower than in November 2018.

Tomer Aboody, director of MT Finance, said: “November turned out to be a pretty stable month for the housing market, with buyers looking to purchase before year end negotiating with those sellers keen to conclude business before the end of the year. This flurry in activity was aided and abetted by agents keen to hit their year-end targets.”

Purplebricks Group plc (LON:PURP) engages in estate agency business in the United Kingdom, it provides services relating to the sale & lettings of properties.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.