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.

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