House Prices and the Resilience of the UK Property Market

Regardless of what prices are doing in various parts of the country, it appears buyer sentiment still seems relatively confident.

The latest data released by HMRC reveals that the total number of homes sold in June rose month on month by 11.5% on an unadjusted basis, going from 95,340 in May to 107,750 in June.

Brian Murphy, Head of Lending at Mortgage Advice Bureau suggested: “A simple explanation for the decrease in the number of sales could be that there remains a lack of properties available to purchase which clearly will impact the number of homes sold.”

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