Residential property transactions rose in June 2025, providing a welcome boost to Chancellor Rachel Reeves and signalling growing confidence in the housing market.
According to HMRC’s latest monthly property statistics, 95,080 residential properties were sold in June, with commercial transactions also showing an upward trend at 10,190 sales. The figures suggest activity in both sectors is returning to normal levels after recent volatility.
Heather Powell, Head of Property at leading advisory firm Blick Rothenberg, described the figures as “much-needed good news” for the Chancellor, noting that both residential and commercial sales are approaching the average monthly totals seen over the past three years—once the artificial peaks and troughs caused by changes to Stamp Duty Land Tax (SDLT) are stripped out.
“Property transactions are a good barometer of the health of the economy,” Powell said. “Both businesses and individuals commit to major transactions when they are feeling confident and optimistic about the future. The Chancellor will be hoping that this trend will continue, and the other economic statistics will follow.”
The increase in transactions comes amid a broader narrative of tentative economic recovery, supported by improving mortgage conditions and growing buyer interest in key urban areas. The government will be watching closely in the months ahead to see whether this upward trend in property sales translates into a sustained rise in tax receipts and economic momentum.