Related topic: HMRC

Transactions are 41% lower than in March 2025 when activity surged ahead of changes to stamp duty thresholds.

Transaction numbers remain steady as the housing market demonstrates resilience.

Residential property transactions rose 12% between January and November 2025, compared to the same period in 2024.

Around 60,000 investors claimed refunds in 2023-24.

June sales were up on both a monthly and annual basis.

UK residential property transactions rose sharply in May 2025, following the previous month’s downturn linked to changes in stamp duty thresholds.

On a seasonally adjusted basis, transactions were 104% higher than March 2024.

Stamp duty changes, more competitive mortgage deals, and easing financial pressures are contributing to higher demand.

Former pensions minister Steve Webb says the news is "victory in 10 year campaign to end scandal of over-taxed pensions”.

HMRC says transactions "fell back to their previous levels".