Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
10:24 AM, 25th July 2018
About 7 months ago
HMRC have released their monthly UK property transaction count for June 2018 and the number of non-adjusted residential transactions was 8.8% lower than in June 2017.
Whilst many landlords are paying more tax due to Section 24 mortgage interest relief restrictions, and their costs from increased regulation are rising, less rental property is being purchased.
The Government is destabilising the housing market and the reality of these figures are that they’re helping no-one other than trying to satisfy more voters to keep them in power.
Rents are rising, less rental homes are available and HMRC revenues are actually down, but our customers, tenants, are the REAL losers.
The protests from so-called tenant support groups is ‘deafening’!
The HMRC report (click here to see the full report) indicates the seasonally adjusted estimate of the number of residential property transactions decreased by 3.0% between May 2018 and June 2018. This month’s seasonally adjusted figure is 5.7% lower compared with the same month last year. The Chart below shows the historic time series for residential property transactions.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More