Non-residential property transactions are on the rise
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
HMRC - UK Property Transactions March Statistics
For further information on how Bridging Vat can help fund your next commercial property purchase, please contact us on email at firstname.lastname@example.org or by telephone on 01206 645 050.