Sales activity rises across most regions as market rebounds from stamp duty changes
The UK housing market is expected to record 1.18 million transactions by the end of 2025, according to new figures from analytics firm TwentyEA.
The company’s latest data shows that 791,000 sales were agreed between January and July, representing a 6.8% increase on the same period in 2024 and marking the highest level since 2022.
Demand has risen in every UK region except Northern Ireland, with the North West and Wales seeing the largest gains at 10.9% and 9.9%, respectively. Growth has been more pronounced in the Midlands and the North than in London and the South.
Sales have increased across all price brackets, with the £350,000 to £1 million range experiencing the strongest growth at 9.5%, followed by the £200,000 to £350,000 segment at 8.8%.
Supply has also expanded year-on-year in all price bands. The £350,000 to £1 million range posted the highest growth at 5.8%, while the £200,000 to £350,000 segment grew by 5.5%. Outer London led regional supply growth at 8%, with notable increases also seen in the Midlands, East and North East.
“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,” said Katy Billany (pictured right), executive director at TwentyEA. “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, with a healthy pipeline of deals for estate agents.
“We forecast transactions will be in-line with the pre-pandemic year of 2019 to reach 1.18 million by the end of 2025 – 7% higher than in 2024 which is exceptional news for estate agents.”
HM Revenue & Customs data indicates that 573,000 transactions were completed in the first half of 2025, up 17.1% from 2024 and 5.8% above the same period in 2019. Although activity slowed in April and May following stamp duty changes, the market recovered in June with a 4.6% year-on-year increase.
For mortgage brokers, the rise in transactions points to increased business opportunities, as more buyers and sellers are active in the market. Higher demand and supply across regions and price bands suggest brokers could see greater client activity and deal flow throughout 2025, with the market rebound and interest rate cuts likely to sustain demand for mortgage advice and services.
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