Non-residential property transactions see 8% increase, compared to August 2018
HMRC have published the August figures for the UK Property Transactions Statistics and the news is more encouraging for non-residential transactions. The provisional seasonally adjusted count of non-residential property transactions for August this year is 8.7% higher than August 2018 and 29% higher than July 2019.
The chart below showing non-residential property transactions over the past 10 years shows that they have remained stable.
Following a generally upward trend in transactions from late 2013 until early 2016, non-residential transactions have plateaued over the past couple of years.
Non-residential property includes commercial property, agricultural land, forests, any other land or property which is not residential. Six or more residential properties bought in a single transaction and mixed use transactions.
To read the full report, please click here August 2019 UK Property Transactions Statistics.
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