Figures for seasonally adjusted residential transactions in June 2025 increased by 13% to 93,530 in June 2025, according to the latest data from HMRC.
This was compared with 82,510 in May 2025.
These numbers reflect transactions recovering from the dip seen following the ending of the temporary nil-rate thresholds.
Non-seasonally adjusted residential transactions increased by 17% in June 2025 relative to May 2025.
Seasonally adjusted non-residential transactions also saw an increase in transactions, with figures for June 2025 increasing by 5% relative to May 2025.
Seasonally adjusted non-residential transactions were 4% higher than in June 2024.
Non-seasonally adjusted non-residential transactions were 8% higher relative to May 2025.
Reaction:
Hamza Behzad, business development director at Finova:
“In a welcome break from the usual summer slowdown, the latest rise in UK property transactions signals growing buyer confidence. In May, we saw mortgage approvals shoot up for the first time in 2025, and as the Chancellor moves to slash regulatory red tape – potentially enabling lenders to offer mortgage loans at over four and a half times a buyer’s income – opportunities are opening up.
“While overall market activity hasn’t yet returned to historic highs, the market does appear to be steadying. With the Bank of England widely expected to cut rates next week, conditions could become even more favourable for buyers in the months ahead. As momentum builds, it’s the responsibility of technology partners to ensure lenders platforms can scale with both volume and product complexity – helping to supercharge the next phase of growth in the UK mortgage market.”
Nick Leeming, Chairman of Jackson-Stops:
“While the surge in activity seen in March is unlikely to be repeated, the market remains steady for now, with completions progressing at a healthy pace, though regional variations continue to influence transaction timelines and completions. The full market picture is one that points to both an increase in demand as well as supply, with an upward trend of agreed sales likely to be reflected in figures in the coming months as mortgage affordability loosens.
“Across the Jackson-Stops network, our national figures show the mid to high end market remained steady in June, particularly across historically rich, well-connected market towns like Bury St Edmunds, Chichester and Colchester. We are seeing a seasonal uptick of prime country homes launch to market reflecting sustained buyer appetite for areas that blend heritage with accessibility. Similarly, high completion levels in Colchester, Hale, Northampton, and Sevenoaks highlights the continued demand for lifestyle-led, commuter-friendly areas.
“We expect market activity to hold steady in the coming months unless further stimulus is introduced such as interest rate cuts or targeted government incentives. For example, Jackson-Stops’ recent analysis of the downsizer market shows that stamp duty relief could unlock up to half a million homes within a year, offering an immediate boost to supply, transactions and tax revenues.”
Tony Hall, head of business development at Saffron for Intermediaries:
“Today’s figures show an encouraging uplift in transactions, indicative of resilience among buyers despite the recent rise in inflation. Since April’s stamp duty threshold announcement, evidence suggests that buyer confidence has been renewed, and this sentiment continued in June. Challenges are lingering though, as multiple leading property portals have started to place pressure on the government to provide flexible SDLT payment options.
“With markets anticipating that the Bank of England will make two further interest rate cuts before the end of 2025, there are reasons to stay optimistic through the next few months. The Chancellor’s recent decision to ease affordability rules also signals a long-term commitment to helping first-time buyers, and we’re already seeing lenders respond with more flexible mortgage options. Steady buyer activity combined with anticipated rate cuts suggest a positive outlook heading towards the autumn.”
Maria Harris, chair of the Open Property Data Association:
“Residential transactions have risen again, suggesting that confidence is beginning to return to the market after the volatility and stamp duty changes earlier this year. Easing mortgage rates, greater product choice, and improving economic sentiment are all helping to support this recovery.
“While it’s great that volumes are back on the rise, the experience of buying and selling a home isn’t where we need it to be. Consumers and the industry are still stuck navigating a process that is opaque, inefficient, and largely paper-based – and that must change.
“To create a housing market that is fit for purpose, we need to deliver physical and digital housing strategy. Digitising property data at source and making it shareable using open, trusted standards removes the friction that holds transactions back. We need everyone in the industry driving change and adopting new ways of working to sustain this upward trend and create a system that works better for everyone.”
Nathan Emerson, CEO of Propertymark:
“It is extremely positive to see an uplift in the number of housing transactions for June 2025. Overall, the housing market is starting to see progression, especially following the recent upheaval of the Stamp Duty threshold changes, where we had a rush across England and Northern Ireland, followed by an immediate lull.
“We are also seeing the UK Government signal that it wants to deliver a new wave of growth in the housing market, as the Leeds Reforms from Chancellor Rachel Reeves aims to encourage lenders to better provision for demographics such as first-time buyers.
“The ambitious Social and Affordable Homes Programme from June 2025’s spending review aims to invest £39 billion to deliver approximately 300,000 new homes in England, which will help boost housing supply. Ultimately such initiatives are hoped to inspire further levels of confidence in the housing market in the future.”
Richard Pike, chief sales and marketing officer at Phoebus:
“Today’s rise in residential transactions builds on the momentum we saw in May as the market continues to stabilise after the volatility earlier this year. Following the distortions created by the March stamp duty rush and the April lull, we’re now seeing the beginnings of a more sustainable trend.
“With interest rates holding steady at 4.25% and swap rates remaining favourable, borrowers are regaining some confidence in their ability to plan ahead. First-time buyer initiatives such as 95% and 100% mortgages are also continuing to support demand at the lower end of the market.
“That said, the broader economic picture remains mixed. Inflation has crept up again, and higher utility bills and tax pressures are squeezing disposable income. Globally, the expiry of Trump’s tariff pause earlier this month adds another layer of uncertainty that could filter through to consumer confidence.
“But for now, the rise in activity is encouraging. The industry must continue to push for innovation, flexibility and digitisation to maintain momentum – especially if we want this recovery to translate into longer-term resilience.”
Andrew Lloyd, managing director at Search Acumen:
“The sun might be scorching lawns, but the property market is only starting to warm up.”
“Whilst buyer-friendly dynamics are pushing prices down for some regional housing markets, the commercial sector is looking at a period of stabilisation after values bottomed out in 2024. The first half of 2025 was characterised by consistent, resilient recovery, where positive trends in capital and rental values continued to create valuable opportunities for investors, reflected in the strong transaction figures we see for June. Investors are gravitating toward industrial, retail warehousing and living sectors. Prime assets and office space in central London are gaining traction, though many secondary properties face ongoing decline or restructuring.
“Over the next few months, political and economic pressures continue to dictate broader commercial trends, in particular international investor appetite. On the ground, deal makers and lawyers may find the summer holidays stall much needed progress.
“I predict the use of digital tools and AI to expedite aspects of the transaction process to continue to increase – we know most conveyancers now use generative AI or plan to. Once we modernise how we handle transactions, the property market will finally start to feel the heat, even in an English summer.”
Nick Hale, CEO at Movera:
“The rise in residential transactions this month points to growing confidence in the market but it’s also a reminder of how closely activity tracks alongside interest rate movements, tax policy, and consumer sentiment. Buyers are clearly responding to the more stable rate environment and wider availability of mortgage products, particularly for first-time buyers.
“What matters now is whether this activity can be sustained. Without consistency in policy and clearer timelines across the home-moving journey, we risk another stop-start pattern that puts unnecessary pressure on the system.
“We continue to work closely with our partners across the industry to ensure smoother, faster transactions, especially during surges in demand. Market recovery depends not just on incentives, but on infrastructure that can actually cope with volume.”
Neil Knight, divisional director at Spicerhaart Part Exchange and Group Clients:
“Another monthly increase in property transactions is hugely positive and goes to show that there is clearly strong demand in the market. While many worried that the stamp duty change would be the death knell for transactions this year, this is clearly not the case, and we have seen growing momentum. Given the important the role the housing market plays in the economy, this will surely be good news for a government that has been growing increasingly concerned about economic growth. One would hope it would further support calls for a cut to the base rate in August.
“It’s been really encouraging to see the government finally come to the table and support the heavy lifting already being done by lenders and developers to assist buyers. The loosening of mortgage rules certainly gives lenders the platform to continue this good work and prioritise innovation to best support borrowers.
“Working in tandem, developers are putting forward compelling incentives to drive new build enquiries and facilitate transactions. On the ground, we are seeing increasing traffic coming through part exchange and assisted move propositions, which are helping borrowers already in the market overcome real obstacles to buy and sell in an efficient and cost-effective way.
“New build plays a significant role in the overall housing market and is critical in increasing homeownership and delivering the government’s housebuilding target. Alongside deposit boosts or equity schemes, ensuring developers and lenders are best equipped to support buyers in the current climate is absolutely key to achieving these goals.”
