HMRC data, reporting property transactions, shows level of activity in the UK property market in a given month and can act as a barometer providing insight into market confidence.
As such we felt it would be useful to provide the HMRC data for non-residential transactions as they become available on a monthly basis. Going forward we will be able to report in our Quarterly Return if there is a correlation between these statistics and our work with commercial property developers.
Seasonally adjusted non-residential transactions have risen for the second consecutive month in March 2019.
Further report highlights
The provisional seasonally adjusted count of non-residential property transactions increased by 8.9% between February 2019 and March 2019, and is 9.7% higher than March 2018.
Year-on-year, non-adjusted non-residential transactions in March 2019 were approximately 9.2% higher than March 2018.
The seasonal non-residential pattern generally features a low point at the start of the calendar year, with a corresponding peak each March, coinciding with the end of the financial year.
To read the full report, please visit the HMRC website by clicking here
For further information on how Bridging Vat can help fund your next commercial property purchase, please contact us on email at info@bridgingvat.com or by telephone on 01206 645 050.