November housing sales fell for third month in a row, HMRC says

2024-01-02T12:16:00

Transactions dropped by almost a quarter compared with November 2022

Housing sales in the UK in November 2023 fell by 22% year on year, according to the latest data from HM Revenue and Customs.

Seasonally adjusted estimates by HMRC also reveal that housing transactions have fallen for the third consecutive month, with 84,600 property transactions recorded in September, and 81,770 and 80,780 in October and November respectively.

On a non-seasonally adjusted basis, the estimate of the number of UK residential transactions in November 2023 was 87,640. This represents a 22% decrease from November 2022 and a 2% decrease from October 2023.

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