Data compiled by analytics specialists TwentyEA suggests residential property transactions will reach 1.18 million by the end of the year – the highest level seen since 2022.
TwentyEA’s analysis shows the volume of sales agreed has reached 791,000 so far this year (January to July) – 6.8% higher than the same period in 2024. HMRC data reveals transactions reached 573,000 between January to June, up 17.1% compared to 2024 and 5.8% higher than pre-pandemic levels in 2019.
Although April and May 2025 saw negative growth due to the lingering effects of the stamp duty changes, the market rebounded in June with 4.6% year-on-year growth. Based on these numbers, TwentyEA forecasts 1.18m transactions for the whole year – 7% higher than the 1,102,400 purchases recorded in 2024.
Katy Billany, executive director of TwentyEA, commented:
“Despite the changes to stamp duty bringing a noticeable ‘hangover’ to the market throughout April and May, it bounced back with a spring in its step in June. Momentum has been further boosted by the most recent interest rate cut last Thursday to 4%, and will possibly fall further to 3.75% by the end of the year, injecting a renewed confidence into both buyers and sellers.
“When compared to 2024, 2023, and pre-pandemic 2019, demand volumes have been consistently higher in every single month of 2025 so far. Given this sustained growth, we’re confident 2025 will remain buoyant.”
Demand has grown across all UK regions except Northern Ireland, with the strongest increases seen in the North West (10.9%) and Wales (9.9%). Overall, growth is more pronounced in the Midlands and the North compared to London and the South. The upward trend spans all prices, with the highest growth in the £350,000 to £1m range (9.5%), followed by the £200,000 to £350,000 price band (8.8%).
The year-on-year growth of supply has also continued across all price bands, with the strongest (5.8%) across £350,000 to £1m properties, followed by 5.5% in the £200,000 to £350,000 price band. Regionally, Outer London has seen the highest growth in supply, at 8%.
