HMRC says that more homes were sold in the UK in August than in any month since February last year.
The Revenue says its seasonally-adjusted data - which to the consternation of some traditionalists is widely regarded as the best measure of transactions, ironing out discrepancies caused by atypical summer fluctuations - shows that 106,480 homes were sold during the month.
HMRC says this is the third consecutive month with a sales total in excess of 100,000 although this remains well below the pre-downturn days when monthly sales of over 130,000 were typical.
The latest Revenue figures show that UK house prices rose by an average of 5.2 per cent in the year to the end of July.
In recent days Hamptons International, with one of the industry's most respected residential research teams, has increased its forecast for house price rises over 2015 and also anticipates a greater role for cash-buyers in influencing the market.
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Impressive statistics, interesting to hear that cash buyers are set to have a greater impact on the market too.
Interesting findings. They do say this time of year is the best time to sell - just after summer, just before winter hits. These figures certainly tally with that.
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