Housing: Sales

(asked on 5th January 2022) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what effect the UK leaving the EU has had on the residential housing market.


Answered by
Christopher Pincher Portrait
Christopher Pincher
This question was answered on 14th January 2022

HMRC publishes monthly data on UK Residential Property transactions and their latest seasonally adjusted data is available up to August 2021.

This data shows that in the 19 months since the UK left the EU there have been 1,996,090 transactions and this compares with 1,871,840 transactions in the 19 month period prior to leaving the EU.

The volume of property transactions is influenced by a large range of factors and differences should not be attributed to any single factor. For example, the figures for the period after leaving the EU will include the impact of Covid restrictions and temporary changes to Stamp Duty rates.

Reticulating Splines