The most recent analysis from GetAgent.co.uk has concluded that the UK property market is at the moment acting at its strongest since 2022, with each mortgage approvals and transactions at their highest common month-to-month ranges in three years.
GetAgent analysed HMRC and Financial institution of England information on residential property transactions and mortgage approvals, wanting on the year-to-date figures for 2025 and evaluating the present common month-to-month numbers to historic figures for a similar time interval (January to June) to gauge how the market is at the moment performing.
The analysis exhibits {that a} whole of 623,500 property transactions have taken place throughout the UK thus far in 2025 (January to June), with 383,194 mortgage approvals for home purchases additionally recorded over the identical interval.
This equates to a month-to-month common of 103,917 residential property transactions and 63,866 mortgage approvals, the best stage of exercise seen within the UK property market since 2022. For instance, between January 2024 and June 2024, the market noticed a far decrease common of 87,912 transactions full per thirty days and 60,132 mortgages accredited every month.
In 2023, the market noticed an identical stage of exercise with respect to transactions with some 86,772 finishing on common every month between January and June, while mortgage approval ranges had been all the way down to 48,003 per thirty days.
And, because it stands, present market efficiency is barely barely down on 2022 when 108,197 transactions accomplished on common while 67,666 mortgages had been accredited every month.
Colby Brief, co-founder and CEO of GetAgent, commented: “The market is heading in the right direction to publish its strongest efficiency in a variety of years, with a heightened stage of transactions pushed by persistently sturdy purchaser appetites.
“Whereas the stamp obligation deadline did affect early exercise, inflicting a notable surge in properties bought within the run-up, this was adopted by a brief dip in April.
“What’s extra telling is that mortgage approvals have remained persistently sturdy all year long to this point, suggesting loads of purchaser urge for food to drive transactions via the rest of the 12 months. From the 1000’s of conversations our Shopper Providers staff has with residence sellers every week, it’s clear many stay assured out there, with about half of the introductions we facilitate continuing to record inside six months.
“All indicators level to a sustained interval of confidence and momentum within the housing market all through 2025.”
