The number of UK residential property transactions was 13% higher in June than July at 93,530, according to the latest figures from HM Revenue & Customs.
June’s figure was also 1% higher than the same month last year and experts say this rise in completed sales shows the market is stabilising after the stamp duty increases in April.
Jackson-Stops chairman Nick Leeming says: “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.”
Propertymark chief executive Nathan Emerson says: “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.
Zoopla executive director Richard Donnell says: “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.”
Search Acumen managing director Andrew Lloyd says: “While 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.”