House sales fell to a decade low in January

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HMRC figures show residential transactions down 27% month-on-month

UK house sales in January fell to their lowest level, outside of the pandemic, for a decade, according to official figures published this morning.

Figures produced by HM Revenue and Customs for residential transactions found that just 77,390 house sales were completed in the month, the lowest level since the start of 2013 – aside from the temporary drop off seen during the start of the 2020 covid lockdown when the market was effectively shut.

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