HMRC property market figures reveal most subdued October for almost decade
House sales tumbled by more than half during the first few weeks after the end of the UK’s stamp duty holiday, leading to the quietest October property market for almost a decade.
After a record surge in activity earlier in the year, transactions slumped by 52% in a month to reach 76,930 in October after thousands of homebuyers rushed to complete their purchases and beat the government’s end-of-September stamp duty holiday deadline.
