Market house sales is in ‘the third consecutive month of decline’

Latest figures from HMRC shows that house sales across the UK stands at 90,210 in August, this marks the third consecutive month of decline.

Residential transactions are marginally lower than seen in July, despite this year-on-year house sales are up by 5%.

Holly Tomlinson, financial planner at Quilter said, “This marks the third straight month of slight declines in seasonally adjusted figures, suggesting a gradual cooling typical during the summer.

“Nevertheless, the year-on-year increase highlights that the housing market has rebounded, as persistent inflation and interest rate pressures ease somewhat.”