Propertymark responds to latest HMRC property transactions report

Nathan Emerson, CEO at Propertymark, comments:

“Based on December 2025’s figures, it is encouraging to see that property transactions remained stable following the Autumn Budget. At a time when many households were concerned about rising living costs, this stability suggests that the Budget provided enough clarity for people to continue progressing with plans to buy or sell a home.

“The UK Government has announced a range of measures designed to strengthen the housing market, including reforms to protect leaseholders from unfair ground rents and investment to increase the supply of homes through new development and social housing. These longer-term policies should help improve affordability and choice for consumers across England.

“That said, many buyers are still feeling the strain of higher borrowing costs. To ease wider cost of living pressures and encourage more market activity, inflation and interest rates will need to fall. This would help make mortgages more affordable and support greater confidence among those looking to move home.”

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