HMRC monthly residential property transactions increased in June, with the provisional seasonally adjusted estimate up 13% since May and 1% higher than the previous year.
There were 95,530 residential transactions in June, which HMRC said reflects a recovery from the dip seen at the end of the temporary nil-rate thresholds. Non-seasonally adjusted residential transactions increased by 17%.
Non-residential transactions have also increased, with the seasonally adjusted figure up 5% in June compared to May and 4% higher than June 2024. Non-seasonally adjusted non-residential transactions are up by 8% between May and June.
The data reflects increasing confidence in the market, property experts have said, with the disruption caused by stamp duty changes finally starting to ease.
Industry reaction
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.”
Nick Hale, CEO at Movera:
“The rise in residential transactions this month points to growing confidence in the market but it’s also a reminder of how closely activity tracks alongside interest rate movements, tax policy, and consumer sentiment. Buyers are clearly responding to the more stable rate environment and wider availability of mortgage products, particularly for first-time buyers.
“What matters now is whether this activity can be sustained. Without consistency in policy and clearer timelines across the home-moving journey, we risk another stop-start pattern that puts unnecessary pressure on the system.”
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.”
Maria Harris, chair of the Open Property Data Association:
“Residential transactions have risen again, suggesting that confidence is beginning to return to the market after the volatility and stamp duty changes earlier this year. Easing mortgage rates, greater product choice, and improving economic sentiment are all helping to support this recovery.
“While it’s great that volumes are back on the rise, the experience of buying and selling a home isn’t where we need it to be. Consumers and the industry are still stuck navigating a process that is opaque, inefficient, and largely paper-based – and that must change.
“To create a housing market that is fit for purpose, we need to deliver physical and digital housing strategy. Digitising property data at source and making it shareable using open, trusted standards removes the friction that holds transactions back. We need everyone in the industry driving change and adopting new ways of working to sustain this upward trend and create a system that works better for everyone.”
The full data and tables can be found at https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above/uk-monthly-property-transactions-commentary–2
