UK Monthly Property Transactions Commentary By National Statistics

1st November 2023

Non-seasonally adjusted residential transactions are down by 2% relative to August 2023, whilst there has been a 7% increase in non-seasonally adjusted non-residential transactions. Seasonally adjusted residential transactions have fallen by 1% in September, which constitutes the first month-on-month decrease since May 2023. These figures remain 17% lower than transaction levels in September 2022.

Meanwhile, seasonally adjusted non-residential transactions are up by 1% relative to August 2023, but remain 4% below the number of transactions seen this time last year. This is the third consecutive month in which we have seen an increase in seasonally adjusted non-residential transactions.

the provisional non-seasonally adjusted estimate of the number of UK residential transactions in September 2023 is 92,600, 19% lower than September 2022 and 2% lower than August 2023

the provisional seasonally adjusted estimate of the number of UK residential transactions in September 2023 is 85,610, 17% lower than September 2022 and 1% lower than August 2023

the provisional non-seasonally adjusted estimate of the number of UK non-residential transactions in September 2023 is 10,060, 6% lower than September 2022 and 7% higher than August 2023

the provisional seasonally adjusted estimate of the number of UK non-residential transactions in September 2023 is 9,760, 4% lower than September 2022 and 1% higher than August 2023

Read the full report
https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above/uk-monthly-property-transactions-commentary