UK reaches new all-time record for most homes sold in one month.

Thanks to the SDH and buyer activity, June 2021 will be remembered as one of the best years for the UK property market.

The number of households that changed hands in the UK rose to the highest level on record in June, with 213,120 sales recorded on HMRC.

The surge in activity before stamp tax rule changes in England, Wales, and Northern Ireland was the busiest month since the figures were first published in April 2005, during the property boom that led to the financial collapse.

HMRC said the figures “captured significant impacts from preventing taxpayer activity,” and buyers moved forward transactions to take advantage of government policy.

The figure, which is not seasonally adjusted and is based on estimates, exceeded 200,000 for the first time.

Added to the figures for the previous two months, it showed that the first quarter of the new financial year was the busiest since the third quarter of 2007, with a total of 428,620 registered sales.

The introduction of stamp duty holidays across the UK in July last year came as the housing market was already recovering after the original shutdown.

In England and Northern Ireland, the tax on the first £ 500,000 of purchase was removed, while in Scotland and Wales, the threshold was moved to £ 250,000.

An extension of the original March 31 deadline, except in Scotland, meant that buyers had until the end of June to take advantage of the full hiatus. In England and Northern Ireland, it will be completely removed by the end of September.

Gatehouse Bank Chief Commercial Officer Paul Stockwell said the June record is likely to hold for a long time as it reflects “a perfect storm of demand, driven by blocked buyers looking for more space and the introduction of significant tax savings.”

However, commentators said they did not expect the market to slow down completely.

Mortgage rates are at record lows, with the UK’s largest building company Nationwide today launching the first five-year fixed-rate deal below 1%, and there still appear to be buyers looking to move into larger homes.

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