In the regular quarterly update looking at the latest statistics from Landmark, Today’s Conveyancer Podcast host David Opie is joined by Ben Robinson and Rob Gurney of Landmark to pore over the latest Property Trends report covering the first quarter of 2025.
Given the changes to stamp duty thresholds on 1st April 2025 there is no surprise the first quarter of the year has seen a sizeable increase in the number of completions, up 30% in the first quarter year-on-year and a staggering 71% on March 2024.
And the good news keeps on coming with key indicators of continuing stability looking positive for the remainder of 2025; including an 8% rise in mortgage valuation volumes year on year driven by greater interest rate stability (the podcast was recorded just before the Bank of England rates cut announcement on 8th May). Sold Subject to Contract (SSTC) activity was also up month-on-month, with the 4.4% increase suggesting new activity entering the pipeline regardless of SDLT changes.
Summary of Q1 year-on-year activity for England and Wales:
- Listing volumes up 1%
- SSTC down 9%
- Search order volumes up 8%
- Completions up 30%
Listen in to this shorter podcast for the latest insight and opinion.
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