Following the April HMRC transactions data, which found that transaction numbers had dropped since March, commentators were clear that this should not be a cause for concern for the market.
Anna Clare Harper, CEO of SPI Capital, said: “HMRC’s latest transactions data release is shocking, but unsurprising, with housing transactions 179.5% higher than April 2020 and 35.7% lower than March 2021.
“On the surface, this looks like a boom, to be followed shortly by a bust.
“However, what tends to happen in the housing market is different from what happens with other purchases and investments.
“The consequences are also different. In other sectors, low consumer confidence tends to reduce consumer spending, and low investor confidence tends to cause emotional selling.
Fight Before Christmas filming closing downtown Elgin street Friday
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