For non-residential property, the latest HMRC figures showed that seasonally adjusted transactions in June were 2% higher than in May but 4% lower than in June 2025. Non-seasonally adjusted non-residential transactions increased 14% relative to the previous month.
“An increase in property transactions is an encouraging sign that buyers and sellers continue to have the confidence to move despite ongoing economic and political change,” said Nathan Emerson (pictured right), chief executive of industry body Propertymark. “Healthy transaction levels are essential, not only for the housing market, but for the wider UK economy, supporting jobs, investment and local communities.
“Looking ahead, however, market confidence will depend on greater policy certainty. Recent discussions around potential reforms to Stamp Duty and council tax, alongside broader housing policy proposals from the new Prime Minister, have created questions for many consumers. People are understandably reluctant to make major financial commitments if they are unsure how future tax changes could affect the cost of moving.
“Housing thrives on confidence and stability. With interest rates having stayed the same following yesterday’s decision, consumers and lenders now have greater clarity over borrowing costs, allowing households to make informed decisions about their next move. We now need that same level of certainty from government on its long-term housing strategy to help sustain market momentum.”
Ryan Brailsford (pictured right), distribution director at specialist lender Pepper Money, said the annual rise reflected how far the market had adjusted from the previous year’s fragility. “This time last summer, buyers were still adjusting to a run of much higher mortgage rates, and confidence across the market was noticeably fragile, so a step up on those numbers reflects a chunk of that adjustment now being absorbed,” he said.
