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Evening Standard
Evening Standard
Business
Vicky Shaw

House sales drop three per cent in a month as rising mortgage rates impact transactions

Matw Thompson

The number of UK house sales dipped last month, amid signs that rising mortgage rates are having an impact on transactions

(Picture: Daniel Lynch)

The number of UK house sales dipped by three per cent month-on-month in December, amid signs that rising mortgage rates are having an impact on transactions.

An estimated 101,920 homes were sold in December 2022, which was one per cent higher than in December 2021 but three per cent lower than in November 2022, according to HM Revenue and Customs (HMRC) figures.

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