An analysis of government data and Bank of England figures by comparison website GetAgent suggests that the UK property market is the strongest it’s been since 2022, with both mortgage approvals and transactions at their highest level for three years.
The analysis shows that a total of 623,500 property transactions took place across the UK between January and June this year, with 383,194 mortgage approvals for house purchases recorded over the same period.
The monthly averages of 103,917 residential property transactions and 63,866 mortgage approvals present the strongest level of activity seen in the UK property market since 2022. Over the same period last year, a monthly average of 87,912 transactions were completed and 60,132 mortgages approved.
The latest figures are only slightly lower than those in 2022, which saw 108,197 transactions completed on average each month and 67,666 mortgages approved.
Colby Short, co-founder and CEO of GetAgent, said the figures suggest the housing market is on course to post its strongest performance in recent years.
He added:
“While the stamp duty deadline did influence early activity, causing a notable surge in homes sold in the run-up, this was followed by a temporary dip in April. What’s more telling is that mortgage approvals have remained consistently strong throughout the year to date, suggesting plenty of buyer appetite to drive transactions through the remainder of the year.
“From the thousands of conversations our Client Services team has with home sellers each week, it’s clear many remain confident in the market, with about half of the introductions we facilitate proceeding to list within six months. All signs point to a sustained period of confidence and momentum in the housing market throughout 2025.”
