Housing slowdown ‘deeper than anticipated’ as property sales slump

New data from HMRC shows a fall in property sales - now experts predict a delay to the housing recovery

A view of London houses at sunset
(Image credit: © Getty images)

The number of property transactions has fallen after a bumper month in March leading experts to say the housing market slowdown will likely be longer and deeper than anticipated.

Residential property sales slumped 8% from the previous month, while sales in April fell by 25% compared with April 2022, with around 82,120 transactions taking place across the UK, according to new data from HM Revenue and Customs (HMRC).

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Tom Higgins

Tom is a journalist and writer with an interest in sustainability, economic policy and pensions, looking into how personal finances can be used to make a positive impact. He graduated from Goldsmiths, University of London, with a BA in journalism before moving to a financial content agency. 

His work has appeared in titles Investment Week and Money Marketing, as well as social media copy for Reuters and Bloomberg in addition to corporate content for financial giants including Mercer, State Street Global Advisors and the PLSA. He has also written for the  Financial Times Group.

When not working out of the Future’s Cardiff office, Tom can be found exploring the hills and coasts of South Wales but is sometimes east of the border supporting Bristol Rovers.