U.K. 2012 House Transactions Rise to Five-Year High, HMRC Says

U.K. property transactions increased by 5.6 percent last year to reach a five-year high, according to the government’s tax office.

Completed house sales with a value above 40,000 pounds ($63,400) increased to 932,000 compared with 883,000 in 2011, Her Majesty’s Revenue and Customs Office said on its website today. That’s the most since 2007 when 1.6 million transactions were recorded.

To contact the reporter on this story: Gonzalo Vina in London at gvina@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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