The variety of transactions is forecast to achieve 1.18 million on the finish of the yr, TwentyEA reveals.
The newest information exhibits the quantity of gross sales agreed to this point this yr between January and July has reached 791,000, which is 6.8% larger than in 2024 and the best degree seen since 2022.
Meanwhile, HMRC information exhibits that transactions reached 573,000 within the first half of the yr (January to June), up 17.1% in comparison with 2024 and 5.8% larger than pre-pandemic ranges in 2019.
Although April and May noticed unfavorable progress because of the Stamp Duty modifications, the market rebounded in June with 4.6% year-on-year progress.
Based on these numbers, TwentyEA forecasts there will likely be 1.18m transactions for 2025.
This represents a 7% improve from the 1,102,400 purchases recorded in 2024.
Demand in 2025 has grown throughout all UK areas besides Northern Ireland, with the strongest will increase seen within the North West at 10.9% and Wales at 9.9%.
Overall, progress is extra pronounced within the Midlands and the North in comparison with London and the South.
This upward pattern spans all value bands, with the best progress within the £350,000 to £1m vary at 9.5%, adopted by the £200,000 to £350,000 band at 8.8%.
In phrases of provide, yr on yr progress has continued throughout all value bands, with the strongest progress at 5.8% throughout £350,000 to £1m properties, intently adopted by a 5.5% progress within the value band of £200,000 to £350,000.
Outer London is main the best way with 8.0% year-on-year progress, whereas outdoors of London, provide has elevated most within the Midlands, the East and the North East.
TwentyEA government director Katy Billany says: “Despite the modifications to Stamp Duty bringing a noticeable ‘hangover’ to the market all through April and May, it bounced again with a spring in its step in June.”
“Momentum has been additional boosted by the newest rate of interest lower final Thursday to 4%, and can presumably fall additional to three.75% by the tip of the yr, injecting a renewed confidence into each consumers and sellers.”
“When in comparison with 2024, 2023, and pre-pandemic 2019, demand volumes have been persistently larger in each single month of 2025 to this point. Given this sustained progress, we’re assured 2025 will stay buoyant, with a wholesome pipeline of offers for property brokers.”
“We forecast transactions will likely be in-line with the pre-pandemic yr of 2019 to achieve 1.18m by the tip of 2025 – 7% larger than in 2024 which is phenomenal information for property brokers.”
