Propertymark response to latest HMRC UK property transactions report

March 28, 2025

UK monthly property transactions commentary

Headline statistics from the latest transactions data include:

  • the provisional seasonally adjusted estimate of the number of UK residential transactions in February 2025 is 108,250, 28% higher than February 2024 and 13% higher than January 2025
  • the provisional non-seasonally adjusted estimate of the number of UK residential transactions in February 2025 is 90,430, 24% higher than February 2024 and 10% higher than January 2025
  • the provisional seasonally adjusted estimate of the number of UK non-residential transactions in February 2025 is 10,090, 1% higher than February 2024 and 8% higher than January 2025
  • the provisional non-seasonally adjusted estimate of the number of UK non-residential transactions in February 2025 is 8,800, 2% lower than February 2024 and 4% higher than January 2025

Figures for seasonally adjusted residential transactions have seen a considerable increase in the lead up to the change in Stamp Duty Land Tax rates in April 2025. Figures for February 2025 increased by 13% from 95,790 in January 2025 to 108,250 in February 2025. Non-seasonally adjusted residential transactions increased by 10% in February 2025 relative to January 2025.

Seasonally adjusted non-residential transactions have also seen a substantive increase in transactions, with figures for February 2025 increasing by 8% relative to January 2025. Non-seasonally adjusted non-residential transactions are 4% higher relative to January 2025. Seasonally adjusted non-residential transactions are 1% higher than in February 2024.

Nathan Emerson, CEO of Propertymark, comments:

“It is positive news that many consumers have adapted to current market conditions concerning typically higher interest rates and the impact this can have on a potential house move. House price growth has recently been reflected in this month’s UK House Price Index which was published this week and found the average house price increased by 4.9 per cent year on year, which will provide comfort to existing homeowners.

“However, various governments across the UK must pay close attention to meeting their individual housing targets to help stabilise overall supply. Across the forthcoming years it will remain vital demand is met, as we see an ever-expanding population, which is expected to hit around 70m people by the end of the decade which in the longer term as supply increases this will keep a balancing effect on prices increases.”

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