Northern Ireland house sales down by 20% in first half of 2023

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Northern Ireland house sales down by 20% in first half of 2023
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Data from HMRC shows there were 11,030 housing transactions in the first six months of the year.

BBC News NI economics and business editor

The data from HMRC showed there were 11,030 housing transactions in the first six months of the year compared to 13,810 in the same period of 2022. Housing markets across the UK have cooled as rising interest rates have made mortgages more expensive.It was the busiest month of 2023 so far with 2,250 transactions, an increase of 24% on May and 8% below June 2022.HMRC cautioned that the month-on-month increase may be distorted because there were a higher number of working days in June than in May.

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