The provisional seasonally adjusted UK property transaction count for February 2014 was 108,940 residential and 9,120 non-residential transactions, according to HMRC.
The seasonally adjusted estimate of the number of residential property transactions increased by 3.5% between January 2014 and February 2014. This month’s figure is also 31.7% higher compared to the same month last year.
The trend since the beginning of 2013/14 has been of a general month-on-month increase in transactions for the seasonally adjusted data. Recent non-seasonally-adjusted transactions peaked in November 2013 – this is the highest level since November 2007, when transactions were declining because of the credit crunch.
The seasonally adjusted estimate of the number of non-residential property transactions increased by 0.7% between January 2014 and February 2014. This month’s figure is also 11.8% higher compared to the same month last year.
The trend in the number of non-seasonally adjusted non-residential transactions since August 2013 has been of a steady increase in transactions until December 2013.