According to the latest data from TwentyEA, the UK property market continues to show impressive resilience in 2025. New property listings are up 5.4% year-on-year compared to 2024, and 15% higher than in 2021 – a year that saw nearly 1.6 million transactions, the highest seen for some time.
Listings are thriving, with a steady stream of new properties entering the market, which highlights robust seller confidence.
Sales completions in 2025 are already at 444,517, making this the third-strongest year for completions in the last eight years.
A more stable market?
This performance shows that at the moment, the UK housing market is becoming less reactive to economic shocks than it has been in the past. Even with elevated mortgage rates, buyers and sellers are still active, and transaction volumes remain good versus long term annual averages.
This suggests a maturing and more resilient property market, driven by realistic pricing and better financial stress testing. Hopefully if we can see bank base rates fall below 4%, we can see a boost to buyer demand which helps the property market to thrive over the next few years.
Summary of the latest supply and demand data from each of the indices
“The number of available homes for sale continues to run at a ten-year high, creating competition between sellers to secure a buyer for their home, and limiting growth in newly-advertised property prices. April saw what appears to be a post-stamp-duty-increase lull in new buyer demand, measured by the number of people contacting estate agents about homes for sale. This slowdown in new buyer demand is perhaps understandable after the busy first quarter of the year, though there are early signs that the lull may be short-lived. Mortgage rates will be crucial in determining the level of buyer activity for the rest of the year. They have been trickling downwards, and there is hope that the recent Bank Rate cut, the second of the year, may spur on further reductions from lenders.
“Buyer demand saw a 4% drop in April compared to the same period last year. This is the first month this year that buyer demand has fallen below last year’s level. Along with April’s stamp duty increase in England, some new buyers may have been holding out for the outcome and impact of May’s Bank Rate decision, while President Trump’s approach to tariffs has also created global economic uncertainty. However, year-to-date buyer demand is still 3% ahead of the same period last year, though more front-loaded into the first quarter. Furthermore, there are also signs that April’s lull may just be temporary, with Rightmove’s real-time data now showing an uptick in buyer demand since the beginning of May. In addition, the number of sales agreed in April was 5% ahead of the same period in 2024. This indicates that those buyers who are in the market are serious and are taking advantage of the good choice to get deals done.”
“HMRC monthly property transaction data shows UK home sales decreased in April 2025. UK seasonally adjusted (SA) residential transactions in April 2025 totalled 64,680 – down by -63.5% from March’s figure of 177,440 (down -66.1% on a non-SA basis). Quarterly SA transactions (February 2025 – April 2025) were approximately +23.3% higher than the preceding three months (November 2024 – January 2025). Year-on-year SA transactions were -28.0% lower than April 2024 (-28.0% lower on a non-SA basis). (Source: HMRC).”
The RICS Residential Market Survey
“Results for April 2025 show a continued weakening in sales market activity. New buyer enquiries posted a net balance reading of -33%, from -32% with agreed sales at -31%, from 17%. The new instructions net balance remained at +6% (Source: Royal Institution of Chartered Surveyors (RICS) monthly report).”
“The number of housing sales is on the rise with home buyers returning to the market after the end of stamp duty relief and the Easter holidays. Sales have now started to increase once again as confidence improves and those using a mortgage are able to borrow up to 20% more due to changes in affordability testing.”
“In the sales market, we saw the uplift in sales attributed to the imminent increase in Stamp Duty from the start of April. However, the market remains strong despite this, with a continuous stream of properties coming through the pipeline.
“Sales volume data is a lagging measure that indicates UK residential sales transactions completed within the month. The latest provisional data for March 2025, which is non-seasonally adjusted, shows nearly a 90% increase compared to the same month a year earlier in March 2024. his figure will have been firmly driven by a rush to complete on properties in the lead up to the Stamp Duty threshold change on 1 April in England and Northern Ireland.”