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1399794

	registered interest
	date	05/01/2022
	answering body	Department for Levelling Up, Housing and Communities
	answering dept id	211
	answering dept short name	Levelling Up, Housing and Communities
	answering dept sort name	Levelling Up, Housing and Communities
	hansard heading	Housing: Sales
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Levelling Up, Housing and Communities, what effect the UK leaving the EU has had on the residential housing market.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	98259
	answer	answer is ministerial correction date of answer 14/01/2022 answer text <p>HMRC publishes monthly data on UK Residential Property transactions and their latest seasonally adjusted data is available up to August 2021.</p><p>This data shows that in the 19 months since the UK left the EU there have been 1,996,090 transactions and this compares with 1,871,840 transactions in the 19 month period prior to leaving the EU. <br> <br>The volume of property transactions is influenced by a large range of factors and differences should not be attributed to any single factor. For example, the figures for the period after leaving the EU will include the impact of Covid restrictions and temporary changes to Stamp Duty rates.</p> answering member constituency Tamworth answering member printed Christopher Pincher question first answered 14/01/2022 14:38:35 answering member 4075 label Biography information for Christopher Pincher
	tabling member	4006 label Biography information for Dr Matthew Offord

1110557

	registered interest
	date	09/04/2019
	answering body	Ministry of Housing, Communities and Local Government
	answering dept id	7
	answering dept short name	Housing, Communities and Local Government
	answering dept sort name	Housing, Communities and Local Government
	hansard heading	Housing: Sales
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Housing, Communities and Local Government, what estimate his Department has made of the number and proportion of residential property transactions that do not complete the legal purchase process in the latest period for which figures are available.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	242798
	answer	answer is ministerial correction date of answer 17/04/2019 answer text <p>The Government does not collect data on the number of housing transactions which fall through. Anecdotal evidence suggests that the fall through rate is around 25 per cent, which is why the Government is working with industry to trial reservation agreements which will increase commitment between buyers and sellers and should reduce the failure rate.</p> answering member constituency Richmond (Yorks) answering member printed Rishi Sunak question first answered 17/04/2019 13:15:07 answering member 4483 label Biography information for Rishi Sunak
	tabling member	4006 label Biography information for Dr Matthew Offord

1110558

	registered interest
	date	09/04/2019
	answering body	Ministry of Housing, Communities and Local Government
	answering dept id	7
	answering dept short name	Housing, Communities and Local Government
	answering dept sort name	Housing, Communities and Local Government
	hansard heading	Housing: Sales
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Housing, Communities and Local Government, what assessment his Department has made of the financial cost to vendors of residential property transactions failing to complete the legal purchasing process, in the latest period for which data is available.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	242799
	answer	answer is ministerial correction date of answer 16/04/2019 answer text <p>The Government does not collect data on the costs to vendors of residential property transactions which fall through. In a 2017 Business, Energy and Industrial Strategy survey, the average cost for a failed transaction for those respondents who only sold a property was £582, for those sellers who also bought a property it was £740 and for sellers who never successfully sold it was £650.</p> answering member constituency Richmond (Yorks) answering member printed Rishi Sunak question first answered 16/04/2019 11:56:56 answering member 4483 label Biography information for Rishi Sunak
	tabling member	4006 label Biography information for Dr Matthew Offord