Transactions
There were 64,680 transactions in April, representing a 64% month-on-month decrease following the end of the stamp duty holiday (HMRC).
Transaction levels are expected to be subdued over coming months according to the latest RICS survey, although agents expect a slight pick up over the next 12 months.
The number of sales being agreed is 6% higher than this time last year (Rightmove).
Demand
There were 60,463 mortgage approvals in April which is -2.1% lower than a year ago (Bank of England).
Buyer demand is broadly in line with the levels recorded a year ago (Zoopla).
Agents in the April RICS UK Residential Market Survey reported a weakening picture of demand with new buyer enquiries dropping in the month.
Property market report
Our up-to-the-minute national, regional and local property market reporting.