"We forecast transactions will be in line with the pre-pandemic year of 2019 to reach 1.18 million by the end of 2025, 7% higher than in 2024, which is exceptional news for estate agents"
- Katy Billany - TwentyEA
The UK housing market is on course to record 1.18 million transactions in 2025, according to new data from analytics firm TwentyEA.
The company reported that 791,000 sales were agreed between January and July, up 6.8% compared to 2024 and the highest figure since the busy market of 2022. HMRC figures show 573,000 completed transactions in the first half of 2025, a 17.1% increase on the same period last year and 5.8% higher than in 2019.
April and May saw a slowdown following changes to Stamp Duty, but activity recovered in June with 4.6% annual growth. Based on current performance, TwentyEA projects total transactions will be 7% higher than the 1,102,400 recorded in 2024.
Demand has grown in all UK regions except Northern Ireland, led by the North West at 10.9% and Wales at 9.9%. Growth has been more marked in the Midlands and the North than in London and the South.
All price brackets have seen stronger demand, with the £350,000–£1 million range increasing by 9.5%, followed by the £200,000–£350,000 band at 8.8%.
On the supply side, year-on-year growth has been recorded across all price bands. The largest increase was 5.8% in the £350,000–£1 million category, followed by 5.5% in the £200,000–£350,000 bracket. Outer London led regional supply growth at 8.0%, while the Midlands, East, and North East saw the highest increases outside the capital.
“Despite the changes to Stamp Duty bringing a noticeable ‘hangover’ to the market throughout April and May, it bounced back with a spring in its step in June,” said Katy Billany, executive director of TwentyEA. “Momentum has been further boosted by the most recent interest rate cut last Thursday to 4%, and will possibly fall further to 3.75% by the end of the year, injecting renewed confidence into both buyers and sellers.
“When compared to 2024, 2023, and pre-pandemic 2019, demand volumes have been consistently higher in every single month of 2025 so far. Given this sustained growth, we’re confident 2025 will remain buoyant, with a healthy pipeline of deals for estate agents. We forecast transactions will be in line with the pre-pandemic year of 2019 to reach 1.18 million by the end of 2025, 7% higher than in 2024, which is exceptional news for estate agents.”
