In response to the HMRC property transactions data published today which showed that on a seasonally adjusted basis the number of UK residential transactions in January 2026 is 94,680, marginally lower (less than 1%) than January 2025 and 5% lower than December 2025, Nick Leeming, Chairman of Jackson-Stops, comments:
"January’s data shows the first notable dip in activity since the summer, suggesting a slight cooling in momentum. Buyers remain cautious following a period of instability towards the end of Q4 last year, which has tempered confidence across the market.
"Despite this, some completions have rolled over from H2 2025 and we should see these expressed in the data in the coming months.
"Momentum is building beneath the surface, particularly in northern markets. Our Alderley Edge branch, for example, saw exchanges double in January, showing that committed buyers are returning.
"Demand remains selective and value-driven. Homes priced accurately are attracting competitive interest and progressing to exchange, while over-ambitious pricing is likely to slow the sale process.
"The wider economic picture is becoming more supportive. Falling inflation and the prospect of a Bank of England base rate cut next month should ease borrowing costs and improve access to finance."
