Housing transactions surge 13% in June as market picks up – HMRC – London Wallet

Property transactions in the UK – both residential and non-residential – increased in June 2025, according to the latest data from HM Revenue & Customs (HMRC).

Seasonally adjusted figures show that residential transactions rose by 13% to 93,530, up from 82,510 in May. The non-seasonally adjusted total also climbed, recording a 17% month-on-month increase to 95,080.

Non-residential transactions followed a similar trend. Seasonally adjusted non-residential deals grew to 10,310, up by 5% from May and were 4% higher than in June 2024. On a non-seasonally adjusted basis, non-residential transactions were up 8% from the previous month to 10,190.

Property professionals welcomed the latest data.

Nick Leeming, Chairman of Jackson-Stops, commented: “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.”

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.”

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.”

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.”

Richard Donnell, executive director at Zoopla: “The latest data shows housing sales are on the rise, picking up on improved buyer confidence from stable mortgage rates and more sellers in the market, many of whom are also buyers

“Zoopla data for sales, leads these completion statistics by five to six months, showing sales will continue to increase, with sales on track to total 1.15m, 5% higher than over 2024.”