HMRC: House sales fall in April
HM Revenue & Customs (HMRC) has today revealed a fall in the number of homes sold in April in the UK.
According to HMRC, 66,000 homes worth at least £40,000 or more were sold in the month – 1,000 less than the previous month and 6,000 lower than in April 2010.
Today’s figures, along with other recent reports, suggest the housing market will remain subdued throughout 2011 due to economic uncertainty and ongoing mortgage restrictions.
Meanwhile, for the year to date, sales are 5% lower compared with the same period a year ago, said HMRC.