DAVY VIEW

The latest Property Price Register data show residential transaction volumes were buoyant through the summer, up 5% through July and August. Brexit uncertainty is not yet depressing activity, with first-time buyer transactions up 7% in H1. However, the buy-to-let sector shows no signs of life, down 14% in H1, with purchases from ‘non-household buyers’ (REITs, social housing etc) only just compensating.