Property Sales Remain Low

According to new data from HM Revenue and Customs, property sales remained low in May and were lower than figures from a year ago.

The new data shows that 68,000 homes were sold in May which was down 2,000 from April. The new figures come as mortgage lending rose 12% which is believed to be due to remortgaging.

Henry Pryor said “Much of the wider economy relies on a healthy housing market with money spent in the High Street on home improvements as people buy and sell,”

 

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