Transaction figures show 1.6% increase in May: HMRC

On a non-seasonally adjusted basis, transactions in May 2022 increased to 100,870, which is 1.6% higher than the previous month but 2.0% lower than in May last year, according to HMRC.

Meanwhile, non-residential transactions came to 10,250, representing a 9.7% increase compared to May 2021 and 0.4% higher than in April this year. 

On a provisional seasonally adjusted basis, however, HMRC reports residential transactions at 109,210 in May, which is 5.1% lower than in May 2021 but represents a 1.3% increase from April 2022. 

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