HMRC March statistics - comment from Hope Capital

Commenting on property transaction figures from HMRC published today, Jonathan Sealey, CEO, of specialist lender Hope Capital said:

“While last month’s residential and non-residential property transactions are significantly lower than they were in March 2021, the latest statistics reveal that they have however increased significantly compared to the first two months in 2022.

As a lender, typically springtime is a period where property transactions spike and of course, this time last year, we were starting to roadmap out of the UK’s third national lockdown. Therefore, the figures recorded last year were unsurprisingly going to be higher than this year.

“Even with the uncertainty in the economy, we are still experiencing a surge in enquiries for a mixture of property types, which is positive to see. Looking ahead, we hope to see transaction figures continue to climb throughout the year and we will carry on playing our part by delivering competitive products to support all types of borrowers.”

Published: 21 April 2022