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Statistically speaking

September 24 2008

HM Revenue & Customs have published their latest report on property transactions within the United Kingdom.

The statistics make for interesting reading vis a vis the present condition of the housing market, especially in comparison to recent years.

A breakdown of all UK property transactions valued at £40,000 and above show a decline in quarterly sales in June from 453,000 in 2007 to 303,000 in 2008.  This represents the biggest year on year drop since at least 2005 and is only matched by the quarterly figures from March, which show a drop from 444,000 in 2007 to 296,000 in 2008.

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