The variety of exchanges in 2025 nudged in direction of a million and completed the yr at 986,665, 12.6% increased than in 2024, TwentyCi reveals.
The Property and Homemover Report discovered that each new directions and gross sales agreed volumes recorded modest year-on-year progress of two.1% and a couple of.3%, respectively.
Nevertheless, fall throughs, worth reductions and withdrawn properties had been all considerably increased final yr than the prior yr that are reflective of a larger variety of transactions and a softening of the market in This fall.
Fall throughs reached in extra of 300,000 all year long – 4.5% increased than 2024.
Worth adjustments topped 1,000,000, which is a rise of 10.8% and the variety of withdrawn properties hit 803,612, a marked rise of seven.6%.
Lettings
The report additionally reveals that the rental sector noticed important easing in provide pressures, with a close to 10% enhance within the quantity of properties coming to let in 2025 in comparison with 2024.
One of many key drivers is probably going web migration. With current residents leaving, beforehand occupied houses have been freed up, contributing to the rise in rental availability throughout the market and assuaging a number of the pressure being felt within the rental market.
The common let agreed worth in 2025 at £1,495 per thirty days is on par with 2024, albeit this determine is derived from the kind of rental inventory accessible and the placement.
TwentyEA govt director Katy Billany says: “H1 25 loved a robust degree of transactions, supported by the Stamp Responsibility concession. Firstly of the yr, residential patrons nonetheless benefited from the short-term increased nil-rate threshold of £250,000, which reverted to £125,000 on thirty first March 2025.”
“In the meantime, first-time patrons noticed their nil-rate threshold return to £300,000 from £425,000.”
“The conclusion of the Stamp Responsibility Aid eliminated a key assist for transactions, finally slowing exercise. We noticed important market softening within the latter a part of 2025, pushed by lowered shopper confidence forward of the November Finances.”
“This was additional bolstered by the announcement of a Mansion Tax on properties valued over £2 million, on account of take impact in April 2028 which has led to additional high-end purchaser warning within the premium market.”
“Additionally, rising second-home council tax charges discouraged patrons from buying further properties, slowing transactions within the top-end and holiday-home market.”
Commenting on the lettings market, Billany provides: “Outer London skilled the most important year-on-year enhance in Let Agreed, rising by 14.1%. Wales additionally emerged as an more and more engaging rental location, experiencing a 11.8% progress year-on-year.”
“Northern Eire was the one area to see Lets Agreed fall, with a decline of 6.3% in comparison with 2024. By way of main cities, Cardiff and Leeds led the best way with a 12% enhance in Lets Agreed year-on-year.”
