The latest transaction figures from HM Revenue & Customs show that 98,540 homes were sold in the UK during May - slightly up on the April figure but below the 101,710 sold in May 2014.
The HMRC data includes properties sold for more than £40,000. About 1.7m homes were sold in 2006, at the market peak, but this fell to 848,000 in 2009, returning to about 1.2m in 2014.
However in recent months sales have fallen back to below 100,000 a month and there appears to be no significant post-election boom felt yet.
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There can't be a 'bounce' if the stock doesn't exist in the first place, surely? You cannot sell more of what you don't have, or am I missing something?
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