Propertymark data shows steady appraisals as buyer demand eases

Propertymark’s Housing Insight Report for July 2025 shows the average number of new prospective buyers registered per member branch dropped to 65.

On the sales side, branches listed an average of 11.2 homes, with stock levels steady at 39 properties. Market appraisals rose to 22 per branch, up from 21 in June.

In lettings, the average number of new tenancies agreed per branch was 12.18. Properties available to rent increased slightly to 13.02 per branch, but demand continued to outweigh supply, with more than six applicants for each home.

Nathan Emerson, chief executive of Propertymark, said: “Despite the number of buyers coming to market taking a slight dip this month, the overall number of transactions and appraisals remains buoyant, indicating that consumer confidence is not shaken by wider economic factors.

“With interest rates improving slightly, this should also be playing a key role in improving home movers’ affordability.

“With speculation circulating regarding potential changes to Stamp Duty in England and Northern Ireland, we encourage the UK Government to focus on reviewing current rates and bands rather than targeting higher-value properties, ensuring they align with rising property prices.

“Historically, reducing or removing property taxes has led to increased transactions, which in turn stimulate spending and drive broader economic growth.”

Emerson added: “The same picture is continuing in the lettings market, despite marginal positive increases in the number of properties available and fewer renters competing for a home; current supply levels do not combat the fast pace of demand.

“Those working within the private rented sector continue to voice their concerns surrounding landlords withdrawing their homes from the market, and with recent talks regarding the UK

“Government’s ambition to tax landlords even further, this news is creating a worrying backdrop at a time when investment is desperately needed to help house the nation.”

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