June sees increase in property transactions due to positive market outlook

Property transactions in the UK saw an increase in both residential and non-residential deals during June 2025, according to the latest data from HM Revenue & Customs (HMRC).

The figures, when adjusted for seasonal fluctuations, showed that residential transactions surged by 13% to 93,530, up from 82,510 in May. Similarly, non-seasonally adjusted numbers rose by 17% to 95,080.

The trend in non-residential transactions mirrored that of the residential sector. Seasonally adjusted non-residential deals reached 10,310, showing a 5% increase from May and a 4% rise compared to June 2024. Non-seasonally adjusted non-residential transactions were up by 8% to 10,190 from the previous month.

Industry experts attributed this growth to heightened buyer confidence and recent policy changes. Hamza Behzad, business development director at finova, remarked on the positive change in buyer sentiment. He mentioned a surge in mortgage approvals in May and speculated on the potential impact of regulatory revisions by the Chancellor, possibly enabling lenders to offer loans at higher multiples of buyers’ incomes. Behzad also mentioned the Bank of England’s expected rate cut as a factor that could further benefit buyers in the near future.

Nick Leeming, chairman at Jackson-Stops, remained cautiously optimistic about the market stability despite acknowledging that the earlier surge in activity might not be replicated. Leeming indicated a balanced increase in both demand and supply, predicting that the rise in agreed-upon sales is likely to continue as mortgage affordability eases.

Certain areas, particularly market towns and commuter-friendly locations, have continued to attract buyers, according to Leeming. He anticipated steady market activity in the upcoming months unless there are additional interventions such as interest rate cuts or government incentives.

Tony Hall, head of business development at Saffron for Intermediaries, emphasized the resilience of buyers in response to the latest data. Hall mentioned the increase in transactions as a positive sign of renewed buyer confidence after the stamp duty threshold announcement in April. However, he also highlighted ongoing challenges in the market, such as pressure from leading property portals for flexible Stamp Duty Land Tax payment options. Hall concluded by noting that steady buyer activity alongside expected rate cuts paints a positive picture for the future.

The rise in property transactions typically signals increased activity in the housing market, benefiting mortgage brokers by creating higher demand for home loans and refinancing services. This heightened activity can lead to greater opportunities for brokers in terms of commissions and business growth. Moreover, a bustling market environment may prompt lenders to introduce new products, providing brokers with a wider range of options to offer their clients.