Housing Insight Report Covering May 2025
Sales
On average, there were around 11.5 homes placed for sale per member branch in May 2025.
Lettings
The average void period reported by member agents increased to just over three weeks in May 2025.
We are seeing an average of 37% of housing transactions taking longer than 17 weeks to complete. The timescales are starting to trend downwards again from a high in summer 2022.
Arrears showed a slight increase in May 2025 to an average of 2.9% up from 2.2% the month beforehand.
Sales
1. The average number of new prospective buyers registered per member branch fell to 75 in May 2025, likely due to the Stamp Duty threshold changes across England and Northern Ireland at the start of April 2025.
2. On average, there were around 13.6 homes placed for sale per member branch in April 2025 .
Lettings
1. The average number of properties available to rent per member branch fell to 12.43 in May 2025.
2. In May 2025, 66% of member agents reported that rents remained generally static. 11% reported they had seen an overall fall, and 23% reported they felt rents had increased.
Nathan Emerson – CEO Propertymark:
As we progress further into the year, it is encouraging to witness the impressive resilience within the housing sector.
Despite inflation remaining stubborn relative to the Bank of England’s 2% target – and the subsequent influence this continues to have on base rate decisions – the market has still delivered house price growth. These factors have certainly not discouraged consumers from entering the buying and selling process. It is especially positive to see the average number of viewings per property available for sale trending upwards so far this year.
Within the lettings sector, many challenges and uncertainties remain. Over the coming months, it is braced for change with the introduction of the Renters’ Rights Bill. While the new legislation aims to provide better protection for tenants across England and Wales, it also brings considerable uncertainty for many landlords regarding how they can successfully provide and maintain sustainable, high-quality accommodation under the proposed framework going forward.
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