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Sales Volumes Down 52% in May

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Half the number of residential properties were sold in May compared with a year ago amid coronavirus lockdown measures.  A total of 46,230 property transactions were completed during the month, down 52% on the same month last year, HM Revenue and Customs data shows.

So together, roughly 100,000 fewer houses sold in April and May than the year before, whether all this 'pent up demand' results in a bumper summer of transactions we wait to see. 



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I presume a lot of it is stuff which was essentially done in March, but needed some admin which could be done from a desk, and a few quick transactions at the end of the month, there were nearly the same in April.

Would bulk purchases of e.g. 50 flats in a block by a financial institution count, those kind of deals might still have happened?

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