HMRC have published the August figures for the UK Property Transactions Statistics and the news is more encouraging for non-residential transactions. The provisional seasonally adjusted count of non-residential property transactions for August this year is 8.7% higher than August 2018 and 29% higher than July 2019.
The chart below showing non-residential property transactions over the past 10 years shows that they have remained stable.
Following a generally upward trend in transactions from late 2013 until early 2016, non-residential transactions have plateaued over the past couple of years.
Non-residential property includes commercial property, agricultural land, forests, any other land or property which is not residential. Six or more residential properties bought in a single transaction and mixed use transactions.
To read the full report, please click here August 2019 UK Property Transactions Statistics.
For further information on how Bridging Vat can help fund your next commercial property purchase, please contact us on email at info@bridgingvat.com or by telephone on 01206 645 050.
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