From The BBC:
More evidence of a lift in housing market activity at the start of the summer has come from the latest figures released by the UK’s tax authority.Some 75,000 UK residential properties costing more than £40,000 were sold in June, up 15% on the previous month, HM Revenue and Customs (HMRC) said. This was the highest level of activity for a year, but still much lower than that seen for most of the decade. Seasonal factors were also shown to play a key part in the rise. Mortgage lendingFigures published on Monday showed that the total amount of money lent for home loans in the UK rose sharply in June.
But the Council of Mortgage Lenders (CML) said that the rise – to £12.3bn in June from £10.5bn a month earlier – was largely reflective of seasonal factors. The HMRC’s provisional figures also shed light on the typical buoyancy in the housing market at this time of the year, as people show greater inclination to move during the early summer. Stripping out seasonal factors,…
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