Property sales rose in March

May 1, 2012

CIA Let Property Blog

March 2012 saw a rise in property sales which HM Revenue And Customs have called a ‘typical spring bounce’.

February saw 63,000 sales and March sales rose to 74,000. This also shows that many buyers were taking advantage of the stamp duty deduction.

The stamp duty deduction may also be why mortgage lending rose in March, unfortunately the stamp duty is back in place so from now on many lenders and estate agents may see a drop in numbers.

Property sales and lending are still nowhere near what they were in March 2007 when the UK saw a property boom.*

 

*Source BBC News

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