According to the latest stats from HMRC, October saw 10,960 non-residential property transactions. This number of transactions is 4.8% higher than October 2018 and 13.6% higher than September 2019.
However, despite this apparent increase year to date non-residential transactions have decreased compared to the 3 previous years. That said, they are higher than 6 of the previous 10 years.
Chart 7, shows non-residential property transactions year-to-date comparison (2010 -11 to 2019-20)
Following a generally upward trend in transactions from late 2013 until early 2016, non residential transactions have plateaued over the past couple of years. The seasonal non-residential pattern generally features a low point at the start of the year, with a corresponding peak each March as the financial year ends.
The full HMRC UK Property Transactions Statistics for October 2019 can be found here.
Bridging VAT Limited are an independently funded principal lender. With in-house accounting and tax expertise, we have developed the go-to VAT funding product for commercial property deals in England, Scotland, Wales and Northern Ireland.
You can contact us on email at info@bridgingvat.com or by telephone on 01206 645 050.
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