Residential property transactions increased in July according to government figures released over the weekend.
According to HMRC, the provisional seasonally adjusted number of residential transactions reached 95,580 in July, representing a 4% rise on July 2024 and a 1% increase from June 2025.
The non-seasonally adjusted figure stood at 101,070, also 4% higher than the same month last year and 5% above the previous month.
Jason Tebb, president of portal OnTheMarket, says: “Once again, these figures suggest that the housing market remains remarkably resilient, despite wider economic and political concerns.
“Five interest rate reductions in the past year have provided much-needed stimulus to the market, boosting confidence and activity.”
And Richard Donnell, executive director at rival portal Zoopla, comments: “Housing sales are steadily increasing as mortgage rates have stabilised and buyers have been given a boost to buying power from less stringent affordability requirements.
“The market is on track for 5% more sales in 2025 at 1.15m, the highest since 2022. This is despite property tax speculation and mortgage rates drifting higher.”
SPF Private Clients chief executive Mark Harris adds: “Transaction numbers have risen again as cheaper interest rates encourage activity and enable borrowers to plan ahead with more confidence.
“Despite another rate cut earlier this month from the Bank of England, some lenders are repricing upwards, including NatWest, Santander and Coventry, while HSBC has reduced rates.
“The mixed picture is down to rising swap rates, which underpin the pricing of fixed-rate mortgages, and lenders not wanting to offer the best rates during the summer months when staff are away on holiday and resources are more limited.”
This article is taken from Landlord Today