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House sales jumped by 13% month-on-month in June, according to HM Revenue & Customs, HMRC, figures. Across the UK, it estimated that 93,530 home sales took place during the month, which was 1% higher than in June 2024. The report said the numbers ‘reflect transactions recovering from the dip seen’ following the ending of the temporary stamp duty thresholds. Stamp duty applies in England and Northern Ireland. Previous figures have indicated a rush of buyers completing sales before the stamp duty holiday ended. Nick Leeming, chair of estate agency Jackson-Stops, said: ‘While the surge in activity seen in March is unlikely to be repeated, the market remains steady for now, with completions progressing at a healthy pace, though regional variations continue to influence transaction timelines and completions. ‘The full market picture is one that points to both an increase in demand as well as supply, with an upward trend of agreed sales likely to be reflected in figures in the coming months as mortgage affordability loosens. ‘Across the Jackson-Stops network, our national figures show the mid to high end market remained steady in June, particularly across historically rich, well-connected market towns like Bury St Edmunds, Chichester and Colchester. ‘We are seeing a seasonal uptick of prime country homes launch to market, reflecting sustained buyer appetite for areas that blend heritage with accessibility. ‘Similarly, high completion levels in Colchester, Hale, Northampton and Sevenoaks highlight the continued demand for lifestyle-led, commuter-friendly areas.’ Nathan Emerson, chief executive officer of property professionals’ body Propertymark, said: ‘It is extremely positive to see an uplift in the number of housing transactions for June 2025. ‘Overall, the housing market is starting to see progression, especially following the recent upheaval of the stamp duty threshold changes.’ Tony Hall, head of business development at Saffron for Intermediaries, said: ‘With markets anticipating that the Bank of England will make two further interest rate cuts before the end of 2025, there are reasons to stay optimistic through the next few months. ‘Steady buyer activity combined with anticipated rate cuts suggest a positive outlook heading towards the autumn.’ By Vicky Shaw, PA Personal Finance Correspondent Press Association: Finance source: PA Copyright 2025 Alliance News Ltd. All Rights Reserved.
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