The number of homes sold in the UK jumped 15.6% between July and August, official figures show.
New HM Revenue & Customs data showed the residential property market continuing to rebound over the summer, echoing industry figures on rising sales and prices at or close to record highs.
But industry figures said rising infection rates and the prospect of tighter rules nationwide once again could undermine the sector’s recovery. Stocks in leading housebuilders Persimmon (PSN.L), Barratt Developments (BDEV.L) and Berkeley (BKG.L) also continued to fall sharply on Tuesday, ahead of a speech by prime minister Boris Johnson on tougher coronavirus restrictions.
A report by HMRC found an estimated 81,280 residential transactions took place in August. The real figure is likely to be higher, HMRC said, as some August data was “not processed in time for publication.”