Meanwhile, the provisional non-seasonally adjusted estimate for residential transactions in September 2024 was 94,800, 2% higher than the previous September and 9% lower than August 2024.
Seasonally adjusted UK non-residential transaction estimates sat at 10,250 for this September, a 5% increase from last year’s September as well as August 2024 — for non-seasonally adjusted estimates the numbers were at 10,260, a less than 1% increase from last year and 9% higher than August 2024.
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Commenting on the data, Jeremy Leaf, estate agent and a former RICS residential chairman, said: “Completed sales are a better gauge of market strength than more changeable house prices, not least because they include cash as well as mortgaged transactions.
“Although reflecting activity from a few months ago, the figures do show buyers and sellers were not fazed by the economic and political uncertainty prevailing at that time, which bodes well.
“We do not believe the Budget will have a significant impact although properties which investors decide not to purchase due to higher stamp duty could be snapped up by first-time buyers as they also look to take advantage before they have to pay more stamp duty after the spring."
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