‘Reality check’ for the housing market as sales slide by 8% month-on-month

PA

Home sales plunged by a quarter in April compared with the same month a year earlier, according to HM Revenue and Customs (HMRC) figures.

Across the UK, 82,120 transactions were estimated to have taken place in April, marking a 25 per cent drop compared with the same month last year. Residential property sales were also 8 per cent lower in April than in March.