UK property transactions are “dramatically lower” than a year ago, as the market feels the absence of the pandemic-era stamp duty holiday.
Residential deals in April plunged nearly 14 per cent in comparison with 12-months ago, and are 10.5 per cent lower than in March, according to the government’s latest data.
Meanwhile, non-residential transactions, which can include six or more residential properties bought in a single deal, fell seven per cent year-on-year and 16.7 per cent in comparison with last month.
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